1 November 2019 – The total number of liquidations increased by 7,6% in the third quarter of 2019 compared with the third quarter of 2018. A year-on-year decrease of 13,8% was recorded in September 2019.
The total number of liquidations increased by 10,5% in the first nine months of 2019 compared with the first nine months of 2018.
The estimated number of insolvencies increased by 43,3% in the three months ended August 2019 compared with the three months ended August 2018. A 30,8% increase was estimated in August 2019 compared with August 2018.
Seasonally adjusted insolvencies decreased by 10,6% in August 2019 compared with July 2019. This followed month-on-month changes of 32,8% in July 2019 and 14,2% in June 2019. Source (Stats SA)