South Africa: Government Destroys Jobs By Failing to Pay 1662 Suppliers

press release

Fourteen national departments and their entities have failed to pay a total of R160 million to 1662 suppliers within the 30-day limit prescribed by the Public Finance Management Act (PFMA)

Overdue payments place enormous pressure on the cash flow management systems of these businesses and can result in them defaulting in the payment of their own creditors. In some cases businesses, like listed company Sanyati, have been forced to close because of late payment.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.