Rise in liquidations reflects just how tough trading conditions are for business
SA’s unemployment rate hovers at just below 30%, while business confidence continues to languish at close to 20-year lows
28 January 2020 - 19:43
Though the jury is still out on whether SA scraped by with any growth in 2019, the year’s liquidation figures reflect just how tough conditions have become for businesses.
The latest liquidation figures released by Stats SA show that the number of businesses that had to wind up their operations in 2019 increased 10.7% from the year before. This is the first increase seen in a decade since the global financial crisis, when liquidations hit 25.2%, Stats SA said on Tuesday. ..
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