The Codes were amended and the recognition of early payment was capped. This means that if payment is at least made within the first fifteen (15) days from the date of invoice by the qualifying supplier, then the amount that can be claimed is a percentage of the invoice amount which is equal to 15 minus the number of days from invoice to payment date.

For example: If invoice is R100 and paid in 5 days it means:

R100 x (15-5) % = R100 x 10% = R10

Therefore, the contribution claimed will be limited to 15% of the 10 points allocated.

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Category: Enterprise and Supplier Development

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