Two years ago, the Small Business Institute (SBI) sent letters to 100 of the JSE’s largest companies, asking them to share with us their payment terms for the small businesses in their supply chain.

Only 38 took the time to respond. Nine told us they paid in fewer than 30 days (only one had special terms for SMEs), but only four said their payment terms were public information. The rest claimed confidentiality over the information.

Read the full article by following the link

by City Press – https://www.news24.com/citypress/voices/30-day-payment-pact-a-big-step-for-small-business-20201122

John Dludlu