The South African Civil Aviation Authority (SACAA) endeavors to comply with section 38(1)(f) of the Public Finance Management Act, Treasury Regulation 8.2.3 and National Treasury SCM Instruction No 5 of 2016/17 to settle all contractual obligations and pay all debt owing within the prescribed or agreed period, which in this case is thirty (30) days.
a) (i), and (ii) The SACAA is not aware of any valid and authorised debt that has remained unpaid for 30 days or more.
b) Debt is settled within 30 days of a valid and approved invoice being presented to the SACAA’s Finance Department and if all the required supporting documents are submitted.
c) (i), (ii), and (iii) The payment process is governed by a policy on accounts payable that have been approved by the SACAA Board. Payments are done weekly by the SACAA’s Finance Department and a creditor’s age analysis is prepared and reviewed monthly.
NW974E