@tamara05 This just changes the period for prescription to 15 yrs(gov loan debt), but it still prescribes
Prescription Act 68 of 1969 s11"
Periods of prescription of debts
The periods of prescription of debts shall be the following:
(a) thirty years in respect of -
(i) any debt secured by mortgage bond;
(ii) any judgment debt;
(iii) any debt in respect of any taxation imposed or levied by or under any law;
(iv) any debt owed to the State in respect of any share of the profits, royalties or any
similar consideration payable in respect of the right to mine minerals or other
substances;
(b) fifteen years in respect of any debt owed to the State and arising out of an advance or
loan of money or a sale or lease of land by the State to the debtor, unless a longer period
applies in respect of the debt in question in terms of paragraph (a);
(c) six years in respect of a debt arising from a bill of exchange or other negotiable
instrument or from a notarial contract, unless a longer period applies in respect of the
debt in question in terms of paragraph (a) or (b);
(d) save where an Act of Parliament provides otherwise, three years in respect of any other
debt.