Prescription Act

The Prescription Act, No. 68 of 1969 (Prescription Act) deals with the prescription of debt. Once the relevant time period has passed the debt is extinguished, unless prescription was interrupted. There are four factors/questions to consider when determining if a debt has prescribed.

1. What type of debt it is?
2. How long is the applicable prescription period?
3. When did prescription begin to run?
4. Was prescription delayed or interrupted?