In Summary
- The net effect of delayed payment is debilitating cash flow challenges in the private sector.
- In the worst-case scenario, some firms cut the number of staff, close shop or have auctioneers knocking on their doors.
Poor management of public cash is a national scourge the Auditor-General writes scathing reports about every year without fail.
And some of the most notorious and infuriating culprits are ...