Johannesburg – The total number of civil judgments recorded
for debt in SA fell by 13.7% year on year (y/y) in October to 36 823‚ data from
Statistics SA (Stats SA) released on Thursday showed.
The total number of civil judgments recorded for debt
decreased by 15.8% in three months ended October this year compared with the
three months ended October last year.
The categories behind the 15.8% decrease were civil judgments
relating to money lent‚ which contributed -6.3 percentage points; goods sold‚
which contributed -4.0 percentage points; services‚ with a -3.3 percentage
points contribution; and ‘other’ debts‚ which contributed -3.1 percentage
The number of civil summonses issued for debt fell 16.6% y/y
to 71 848.
During October‚ the 36 823 civil judgments for debt amounted
to R459.1m‚ with the largest contributors being 'other' debts‚ which accounted
for R143.2m‚ followed by money lent‚ with R100.9m; services‚ with R82.5m; and
goods sold‚ with R55m.
There was a 22.0% decrease in the total number of civil
summonses issued for debt in the three months ended October this year compared
with the same period last year.
The main drivers were services (contributing -10.8
percentage points); and money lent (contributing -4.3 percentage points).
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.