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KILLING BUSINESSES

Only punitive action will resolve pending bills impasse

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 ...