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Home » CMED plans to penalise clients for late payments

CMED plans to penalise clients for late payments

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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. “To mitigate against that, we will be asking for shareholder consent to reciprocate what…

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