There were fewer liquidations in February than a year earlier, while insolvencies in January also improved. The total number of liquidations recorded fell 24.4% year on year in February 2017, Statistics SA data showed on Monday. Liquidations and insolvencies are an indication of business performance and the scope of unpaid debt. The decline in liquidations in February was due to 47 fewer voluntary liquidations. Compulsory liquidations were unchanged from a year ago. There was a 27.7% decrease in liquidations in the first two months of 2017 compared with the first two months of 2016. The largest year-on-year decreases in total liquidations in February 2017 related to businesses in the following industries: • Financing, insurance, real estate and business services, which had 38 fewer liquidations; • Trade, catering and accommodation, with 16 fewer liquidations; and • Community, social and personal services, which had 14 fewer liquidations. The estimated number of insolvencies decrease...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.