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unpaid
R12. 5bn in unpaid supplier invoices crippling small businesses as EC government leads debt crisis
Provincial governments are failing to pay R12. 46 billion in supplier invoices, with Eastern Cape responsible for nearly a third of this debt, according to National Treasury. This payment crisis is forcing small businesses to take out loans to survive, with many SMEs eventually shutting down due to cash flow problems caused by government non-payment.
R12. 5bn in unpaid supplier invoices crippling small businesses as EC government leads debt crisis
Provincial governments are failing to pay R12. 46 billion in supplier invoices, with Eastern Cape responsible for nearly a third of this debt, according to National Treasury. This payment crisis is forcing small businesses to take out loans to survive, with many SMEs eventually shutting down due to cash flow problems caused by government non-payment.
R800K debt leads to seizure of Sol Plaatje Municipality officials' vehicles
The Sol Plaatje Municipality faces a crisis as the High Court orders the seizure of mayoral and speaker's vehicles to recover an R806 500 debt owed to an engineering firm, highlighting deeper financial management issues in the Category 4 municipality.