Public Finance Management Act, 1999 (Act No. 1 of 1999)

Notice 830

4 July 2008

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, fixed the Standard Interest Rate applicable from 1 July 2008 and until further notice, to loans granted by the State out of the State Revenue Fund, and/or to all other debts which must be paid into the State Revenue Fund, at Fifteen percent (15,00%) per annum.

The above-mentioned Standard Interest Rate is applicable from 1 July 2008 and until further notice to all drawings of loans from State money, except loans in respect of which other rates of interest are specifically authorised by legislation or the Minister of Finance.