Liquidations rose in November amid low economic growth, but some improvement is expected next year. There were 15.9% more liquidations (22 more cases) this November than in November 2015, Statistics SA said on Thursday. The trend remained negative with liquidations in the three months to November 7.1% higher than in the previous matching quarter. There were 2.9% more insolvencies in the first 10 months than in the first 10 months of 2015. The insolvencies estimate for October 2016 was 1.9% higher than for the previous October, and that for the three months to October 4.4% higher than for the previous matching period. Economists predict 2016’s GDP growth will be in a 0%-0.5% range with recent disappointing retail, manufacturing and mining data raising the chances of weak fourth-quarter growth. But GDP is expected to lift above 1% in 2017. Much depends on the consequences of Wednesday’s the US interest-rate increase and the Fed’s more hawkish stance on 2017 and 2018. Old Mutual Invest...
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.