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Johannesburg - The total number of liquidations in March decreased by 39.4% year-on-year (y/y), after a 49.9% y/y decrease in February, Statistics SA data showed on Monday.
The number of liquidations for the first quarter of 2012 showed a 42.4% drop compared with the first quarter of 2011.
The y/y decline in the number of liquidations for March 2012 was due to a 48.2% fall in the number of voluntary liquidations.
Company liquidations dropped by 49.0%, while close corporation liquidations decreased by 32.7% over this period.
In March 2012, the largest y/y decrease related to businesses in the wholesale and retail trade, catering and accommodation industry, with 67 fewer liquidations; the financing, insurance, real estate and business services industry, which recorded 42 fewer liquidations; and the community, social and personal services industry, which recorded 20 fewer liquidations.
A y/y fall of 12.0% in insolvencies was estimated for February, after a decrease of 6.5% y/y in January.
The number of insolvencies for the three months ended February 2012 dropped by 13.3% compared with the three months ended February 2011.
The number of liquidations for the first quarter of 2012 showed a 42.4% drop compared with the first quarter of 2011.
The y/y decline in the number of liquidations for March 2012 was due to a 48.2% fall in the number of voluntary liquidations.
Company liquidations dropped by 49.0%, while close corporation liquidations decreased by 32.7% over this period.
In March 2012, the largest y/y decrease related to businesses in the wholesale and retail trade, catering and accommodation industry, with 67 fewer liquidations; the financing, insurance, real estate and business services industry, which recorded 42 fewer liquidations; and the community, social and personal services industry, which recorded 20 fewer liquidations.
A y/y fall of 12.0% in insolvencies was estimated for February, after a decrease of 6.5% y/y in January.
The number of insolvencies for the three months ended February 2012 dropped by 13.3% compared with the three months ended February 2011.
