National Treasury said that more than R10 billion in invoices was yet to be paid to companies that did business with national and provincial governments in the 2023/24 financial year.
This comes as the government continues to come under fire for non-compliance of the prescribed law to pay service providers within 30 days of receipt of an invoice.
Treasury released its 2024 report on late payment of suppliers’ invoices.
The total number of invoices older than 30 days and not paid by national departments as at the end of the 2023/24 financial year exceeded 1,400 invoices.
The Departments of Justice and Constitutional Development, as well as public works and infrastructure, were the top two departments that reported unpaid invoices.
The Eastern Cape and Gauteng were the worst-performing, while Limpopo had the least unpaid invoices, with only three.
Treasury said that the common reasons for late or non-payment of invoices included misfiled, misplaced or unrecorded invoices, cash-flow challenges, inadequate internal controls as well as IT system issues.
Treasury said that this has dire consequences for businesses.
It recommended disciplinary action against officials who dragged their feet and said the challenges must be flagged at every exco meeting within departments.
-EWN
In other news – Touching: Makhadzi borrowed money to attend the BET Awards
Well-known South African singer and performer, Makhadzi revealed she loaned money to attend the 19th annual BET Hip-Hop Awards ceremony in Los Angeles, California.
The Limpopo-born singer won the Viewer’s Choice: Best New International Act award, beating fellow South African Tyler ICU and global artists. Ahead of the awards show, Makhadzi shared a prayer during her sit down on Podcast and Chill, where she revealed she borrowed money to pay for the travel expenses. Read More
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