TOBY SHAPSHAK: The CEOs behind the SME pledge
#PayIn30’s ‘ethical leadership’ is long overdue as small firms are often hobbled by late payment from big companies
It’s great news for SMEs that some of SA’s largest companies have pledged to pay smaller suppliers within 30 days. Cash flow management is a small business owner’s biggest headache, and too often bigger companies’ slow internal processes show scant regard for the effect late payment can have on small suppliers.
The #PayIn30 campaign was launched by Business for SA, the SA SME Fund and Business Leadership SA (BLSA). Also involved are Business Unity SA, the Small Business Institute and the Black Business Council...