LATE PAYMENTS CRUSH SMALL BUSINESSES
Late payments and unpredictable cash flow are placing growing pressure on South Africa’s small businesses, making it harder for owners to pay suppliers, replenish stock and cover everyday operating costs.
While many businesses continue to generate sales, delays in receiving payments can leave them short of cash when it is needed most.
The uncertainty also limits expansion, hiring and investment, forcing many entrepreneurs to focus on survival instead of growth.
Industry experts argue that clearer payment systems, greater transparency around fees and faster settlement times could improve business confidence, strengthen cash flow and help small businesses contribute more effectively to the economy.
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Pictured - John Mlangeni, FNB Merchant Services CEO