The number of liquidated companies rose 15.4% to 172 in September compared with a year ago, Statistics SA data showed on Monday. Liquidations and insolvencies figures are an indication of economic performance and the scope of unpaid debt in SA. The largest year-on-year increases in liquidations related to businesses in these categories: financing, insurance, real estate and business services (14 more liquidations) and unclassified (up 35). Notable decreases in liquidations were recorded for businesses in the community, social and personal services industry (25 fewer liquidations) and the trade, catering and accommodation industry (21 fewer liquidations). Liquidations rose 4.3% in the third quarter of 2016 compared with the third quarter of 2015. The estimated number of insolvencies rose 7.9% to 233 in August compared with a year ago. A 2.1% increase was estimated from the three months ended August 2015 to the three months ended August 2016. There was an increase of 2.9% in the first...
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