Roxanne Shear Roxanne Shear

Interest Rate Changed to 10.75% ito the Prescribed Rate of Interest Act

The Prescribed Rate of Interest has changed to 10,75% with effect from 1 July 2025. Prescribed Rate of Interest Act 55 of 1975.

📣 Update for all legal professionals

The prescribed rate of interest under the Prescribed Rate of Interest Act 55 of 1975 has changed to 10.75% per annum, effective from 1 July 2025.

The Minister has published a notice updating the prescribed rate of interest in terms of the Prescribed Rate of Interest Act, 55 of 1975. As of 1 July 2025, the new rate is:

🔺 10.75% per annum

This rate affects your summons, particulars of claim, default judgments, and settlement calculations.

It’s essential that all legal documents, settlement agreements, and financial calculations are updated to reflect this change. Outdated interest rates may lead to underpayments or disputes in both litigation and commercial contexts.

For a history of previous interest rates, visit: https://lnkd.in/d8ms43JH.

💡 Tip: Consider reviewing your precedent documents and templates to ensure compliance.

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Roxanne Shear Roxanne Shear

There’s a New Legal Podcast in Town: The Learned Colleagues Club

Starting articles, or practical vocational training as it is now called, feels like being tossed into the deep end of legal practice with a highlighter and no floaties. In the very first episode of The Learned Colleagues Club Podcast, our hosts, Roxanne Shear and Mónica de Oliveira (your very own legal besties), sat down and said what everyone is thinking: legal education in South Africa does not prepare you for legal practice.

In this inaugural episode, we unpack the 12 (not 10, we got carried away) things we seriously wish someone had told us before our first day in the legal trenches.

This wasn’t your usual “get to know us” intro. It turned into a tell all about the wild, unspoken side of legal practice and here’s a sneak peek into what we covered:

✅ Record everything (with consent!). Instructions, court appearances. Your future self will thank you.

✅ Be polite to court staff and fellow colleagues as your entire urgent application might depend on it.

✅ Keep a court survival kit. Think: staplers, fasteners, paper clips, and your sanity.

✅ Toilet seats are a luxury. And toilet paper? Rare. BYO supplies, especially in public court buildings.

✅ Boundaries matter. Saying “no” to an unreasonable workload doesn’t make you weak, it keeps you standing.

✅ Find your legal community. WhatsApp groups aren’t just for memes. They’re for learning, venting, and surviving together and that’s why we created a WhatsApp community: no gatekeeping, just real support from people who get it.

We also talked about:

🚫 The myth of consistent court rules;

📦 A courtroom… inside a shipping container;

🧻 The mystery of missing toilet seats (we’re still investigating);

🧠 The mindset shifts that keep you from losing yourself in this profession.

👉 Tired of guessing your way through legal practice?

Stop struggling in silence. Start learning what actually matters. Hit play. Join the conversation and level up your legal career, one brutally honest episode at a time:

📰 Subscribe to our newsletter: Join hundreds of legal professionals in getting updates in the profession, case snapshots, and practice hacks all in 10 minutes or less.

💬 Join our WhatsApp Community: Ask questions, get support, and connect with other legal professionals who get it.

📱 Follow us on social media: @edulawsa | @theroaminglawyer

 

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