The coronavirus pandemic continues to take its toll on the economy, with data from Stats SA showing that liquidations rose 49% year-on-year in March.

In its March report on liquidations and insolvencies released this week, statistician-general Risenga Maluleke said the liquidations hit small, medium and macro enterprises (SMMEs) the most. A total of 216 companies in various sectors were liquidated in March, compared with 178 in February...

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