Parastatals liquidity position worsening – The Nation Online: The build-up of trade debtors has worsened the liquidity position of most parastatals, a situation that has impacted on their working capital, a government annual report has shown.
The situation, which was most prevalent among the water boards and other trading parastatals, forced many of them to turn to banks for overdrafts to cushion their cash flows while others resorted to deferring payment of tax obligations, pensions and other trade payables.
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