Mototolo Platinum Mine – MPLATS ENTERPRISE (PTY) LTD
1. PURPOSE
To establish effective credit control and debtor management practices to ensure timely collection of receivables, minimize bad debts, and maintain healthy cash flow.
2. SCOPE
This policy applies to all sales on credit, debtor accounts, and related collections processes at Mototolo Platinum Mine.
3. CREDIT APPROVAL
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Credit facilities will only be granted after thorough assessment of the customer’s creditworthiness, including financial stability, payment history, and references.
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Credit limits and payment terms will be clearly defined and documented in credit agreements or purchase orders.
4. PAYMENT TERMS
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Standard payment terms are Net 14, 30, 60, 90, or 120 days, depending on the agreement with the customer.
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Invoices must reference the applicable Purchase Order number and include all required documentation for validation.