PSC lauds earlier payment of invoices by state departments
The late and/or nonpayment of invoices by the government (after 30 days) has been criticised as it affects the financial viability of small firms
08 July 2024 - 15:39
The number of invoices paid after 30 days by national departments was 108,917 and worth R4.6bn has improved by 2% at the end of the 2023/24 financial year, the Public Service Commission (PSC) said on Monday.
“This indicates an improvement of 2,365 or 2% when compared to invoices paid after 30 days by national departments in the 2022/23 financial year, which amounted to 111,282 invoices to the rand value of R4.1bn,” the PSC said, quoting the Treasury’s annual report on late payments of supplier invoices for 2023/24. ..
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