Acts Online
GT Shield

Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996)

Chapter 13 : Finance

Provincial and Local Financial Matters

230. Provincial loans


(1) A province may raise loans for capital or current expenditure in accordance with national legislation, but loans for current expenditure may be raised only when necessary for bridging purposes during a fiscal year.


(2) National legislation referred to in subsection (1) may be enacted only after any recommendations of the Financial and Fiscal Commission have been considered.