CMED plans to penalise clients for late payments

The mine emphasised that the matter remains before the courts and under review by relevant authorities and cautioned against presenting contested issues as settled fact.

THE Central Mechanical and Equipment Department (CMED) says it plans to introduce interest rates for clients who delay payments starting next year. This comes as the state enterprise has faced financial difficulties due to delayed payments from government ministries and departments.Advertisements “To mitigate against that, we will be asking for shareholder consent to reciprocate what…

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