Namibia Government Gazette dated 2002-08-06 number 2782

GOVERNMENT GAZETTE
OF THE

REPUBLIC OF NAMIBIA
WINDHOEK - 6 August 2002

N$2.00

No.2782

CONTENTS
Page
GOVERNMENT NOTICES
No. 135

Determination of maximum annual finance charges rates: Usury Act, 1968 ...............

1

No. 136

Notice in terms of Section 15 A of the Usury Act, 1968 (Act No. 73 of 1968) ............
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2

Government Notices
MINISTRY OF FINANCE
No. 135

2002

DETERMINATION OF MAXIMUM ANNUAL FINANCE CHARGES RATES:
USURY ACT, 1968
In accordance with the directions of the Minister of Finance, I determine in terms of
subsections (1), (2) and (3) of section 2 of the Usury Act (Act No. 73 of 1968), that from
the date of publication of this notice (a)

no money lender shall in connection with any money lending transaction;

(b)

no credit grantor shall in connection with any credit transaction; and

(c)

no lessor shall in connection with any leasing transaction,

stipulate for, demand, or receive finance charges at an annual finance rate greater than
the appropriate percentage specified in the Schedule in relation to such transaction.