Vol. 406, No. 20011, 30 April 1999
GENERAL NOTICE
Notice 614 of 1999
DEPARTMENT OF FINANCE
RATE OF INTEREST ON GOVERNMENT LOANS
It is hereby notified that the Minister of Finance has, in terms of Section 26 (1 ) of the Exchequer Act, 1975 (Act 66 of 1975), fixed the Standard Interest Rate applicable from 1 May 1999 and until further notice, to loans granted by the State out of the State Revenue Fund, at fifteen comma nil nil percent (15,00%) per annum.
The above-mentioned Standard Interest Rate is applicable from 1 May 1999 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.