Publications
Partners
Johannesburg - The total number of civil judgments recorded
for debt in SA fell by 12.9% year-on-year (y/y) in March 2012 to 41 459 after a
25.3% fall in 2011, data from Statistics SA (Stats SA) released on Thursday
showed.
The value of the judgements in March declined by 28.2% y/y
to R361.2m, while the number of summonses for debt dropped by 7.7% y/y to
96 698. The number of civil summonses issued for debt had a 17.9% decrease in
2011 to 1 057 444.
The main drivers behind the 25.3% annual decrease in 2011
were civil judgments relating to the money lent category (contributing -12.0
percentage points), the services category (contributing -5.6 percentage
points), and the promissory notes and other acknowledgements of debt category
(contributing -4.1 percentage points).
During 2011, 503 528 civil judgments for debt amounting to
R5.1656bn were recorded.
The largest contributors to the R5.1656bn were money lent (R1.5261bn or 29.5%), "other debts" (R1.0186bn or 19.7%), services (R901.2m or 17.4 %), and goods sold (R807.8m or 15.6%).
