Is your business not getting paid fast enough by government? Now SMMEs can call the slow payment hotline.
The hotline number is 0860 SMMEPAY (0860 766 3729). It will operate from 6am until 6pm on weekdaysLaunching the small, micro, medium enterprises hotline in Pretoria, Davies said many companies were forced to wait more than 90 days for payment by public entities, despite the Public Finance Management Act requiring that they pay in 30 days.
"We do not know the impact of the crisis on small businesses, but we know it's profound," he said.
While access to government procurements was competitive, experience had shown that dealing with the state came hand in hand with late or non-payments.
Davies said the hotline would quantify and identify the extent of the problem.
full story from M&G here