Malusi Gibaba said public procurement would support black economic empowerment, industrialisation and small businesses ©PA Images
Malusi Gibaba said public procurement would support black economic empowerment, industrialisation and small businesses ©PA Images

Late payment crackdown in first post-Zuma budget

22 February 2018

The Treasury will issue a directive to all government departments and public bodies to pay suppliers on time or be charged with financial misconduct, Malusi Gibaba, the minister of finance, said in his budget speech yesterday.

A crackdown on late payments was just one of several public procurement initiatives announced in the budget – the first under the new president Cyril Ramaphosa – that aim to expand on the existing policy of using public spending to support South Africa’s SMEs and black-owned businesses.

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