The mora interest rate has been increased from 9% per annum to 10,25% per annum, effective from 1st March 2016. The increase was promulgated in Government Notice 226 of 4 March 2016 in terms of section 1 of the Prescribed Rate of Interest Act, 1975.
The mora interest rate has been increased from 9% per annum to 10,25% per annum, effective from 1st March 2016. The increase was promulgated in Government Notice 226 of 4 March 2016 in terms of section 1 of the Prescribed Rate of Interest Act, 1975.
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