SA businesses are reeling from the effects of Covid-19 coupled with the current high inflationary environment according to the latest data from Stats SA, which revealed on Monday that the number of company liquidations surged 30.3% year on year in December.

An important indicator of the scope of unpaid debt in SA, the latest statistics of liquidations and insolvencies illustrate that 159 companies had gone under in December 2022 compared with 122 in the previous year. ..

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