27 October 2020 – The total number of liquidations increased by 27,4% in the third quarter of 2020 compared with the third quarter of 2019. A year-on-year increase of 54,0% was recorded in September 2020. Voluntary liquidations increased by 65 cases and compulsory liquidations increased by 9 cases.
The total number of liquidations decreased by 7,7% in the first nine months of 2020 compared with the first nine months of 2019.
The estimated number of insolvencies decreased by 61,3% in the three months ended August 2020 compared with the three months ended August 2019. There was a year-on-year decrease of 59,4% in August 2020.Seasonally adjusted insolvencies decreased by 30,0% in August 2020 compared with July 2020. This followed month-on-month changes of -21,1% in July 2020 and 128,0% in June 2020. Source (StatsSA)