The National Small Business Chamber (NSBC) is championing the importance of Big Business and Government paying SME suppliers within 30 days - click here to show the Smaller Business Sector your commitment to them. SME’s as defined in the Codes of Good Practice are those entities with an annual turnover of R35m or less.
Late payments at all-time high as SMEs
wait too long to get paid
"We see SMEs going out of business every day, in many cases due to cash flow as a result of late or non-payment.
Prompt payment is vital to the cash flow of every business, and especially to smaller businesses. The Prompt Payment Code is about encouraging and promoting best practice between government, larger organisations and their SME suppliers."
- Mike Anderson: NSBC Founder & CEO
NEWS & MEDIA COVERAGE
Red Tape Reduction Indaba hosted by the Department of Small Business Development and the European Union
Mike Anderson delivers a keynote address encouraging big business and government to pay small businesses on time.
Small Enterprises Suffering under Big Business Bullies
Mike Anderson
NSBC Founder & CEO
Mmusi Maimane
DA Leader
Toby Chance
Shadow Minister for Small Business Development (DA)
Sign up now and display the Proud Signatory to the Prompt
Payment Code (logo) on your website & stationery!
 | Pay suppliers on time Within 30 days once the final valid compliant invoice is received. |
 | Give clear guidance to suppliers Providing suppliers with clear and easily accessible guidance on payment procedures. Advising within 7 days if the invoice is incorrect. |
 | Encourage good practice By promoting the code throughout their own supply chains. |
* All submissions will be reviewed. On approval you will receive an email confirmation of your listing as a signatory of the Prompt Payment Code.
Want to know more about the Prompt Payment Code?
See the most frequently asked questions here.
