Notice No. 1630

24 February 2023

GG 48104

National Treasury

It is hereby notified that the Minister of Finance has, in terms of Section 80(1)(a) and (b) of the Public Finance Management Act, 1999 (Act No. 1 of 1999), fixed the Standard Interest Rate applicable, from 1 January 2023 and until further notice, to loans granted by the State out of a Revenue Fund, and/or to all other debts which must be paid into a Revenue Fund, at Ten,  five zero percent (10.50%) per annum.

The above-mentioned Standard Interest Rate is applicable from 1 January 2023 and until further notice, to all drawings of loans from State money, except loans in respect of which other rates of interest are specifically authorized by legislation or the Minister of Finance.