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Prescribed Rate of Interest Act, 1975

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To provide for the calculation of interest on a debt, in certain circumstances, at a prescribed rate; for the payment of interest on certain judgment debts; and for matters connected therewith.

 

Last update: November 2023


Copyright: This Act reproduced under Government Printers Copyright Authority 10154 dated 20 March 1996


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Latest Developments:

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated with the Withdrawal of Notice R.2378 of 2022 and new Prescribed rate of interest as from 1 July 2023, as per Notice No. 4075, GG49720, dated 17 November 2023.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated with the Withdrawal of Notice R.1182 of 2020 and the addition of new Prescribed Rate of Interest as at 1 May 2022, as per Notice No. 2378, GG46739, dated 19 August 2022.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by publishing a new Prescribed rate of interest – 1 September 2020, as per Notice No. R1182, GG 43873, dated 6 November 2020.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by the withdrawal of Notice R987 of 2020 and new Prescribed rate of interest – 1 July 2020, as per Notice No. R1067, GG 43781, dated 9 October 2020.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by the withdrawal of Notice R713, as per Notice No. R987, GG 43703, dated 11 September 2020.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by the repealing of Notice R397, as per Notice No. R713, GG 43475, dated 26 June 2020.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by Prescribing the rate of interest per Section 1 of the Act, as per Notice No. R.397, GG 43146, dated 27 March 2020.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by. Government Notice No. R. 25, GG 42179, dated 22 January 2019, has been withdrawn by Notice No. R. 1212, GG 42713, dated 20 September 2019.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by Notices, Prescribed Rate of Interest - 1 January 2019 as per Notice No. R. 25 of GG42179 dated 22 January 2019.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by Notices - Prescribed Rate of Interest - 1 May 2018, as per GG 41581, Notice No. 435 dated 20 April 2018.

 

The Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975) has been updated by the Judicial Matters Amendment Act, Act No. 24 of 2015 -  as per GG 39587,  Notice No. 21 dated 8 January 2016.

 

The Prescribed Rate of Interest Act, 1973 (Act No. 55 of 1973) has been amended by National Credit Act, 2005 (Act No. 34 of 2005).

 

The Prescribed Rate of Interest Act, 1973 (Act No. 55 of 1973) has been amended by Prescribed Rate of Interest Amendment Act, 1997 (Act No. 7 of 1997).

 

The Prescribed Rate of Interest Act, 1973 (Act No. 55 of 1973) has been added to the website.


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