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Johannesburg - The total number of liquidations recorded for July 2010 decreased by 34.3% year-on-year (y/y) after they increased 21.9% y/y in June, from 428 to 281, Statistics South Africa data showed on Monday.
The total number of liquidations recorded for the first seven months of 2010 decreased by 1.4%, from 2 379 to 2 346 compared with the first seven months of 2009.
The 1.4% decrease in the total number of liquidations for the first seven months of 2010 was due to a decrease of 35.0% in compulsory liquidations, from 214 to 139.
Stats SA said during the period, close corporation liquidations decreased by 5.3% from 1 279 to 1 211 while company liquidations increased by 3.2% from 1 100 to 1 135.
The highest numbers of liquidations during the first seven months of 2010 were related to businesses in the financing, insurance, real estate and business services industry (1 070 cases or 45.6% of liquidations) and the wholesale and retail trade, catering and accommodation industry (685 cases or 29.2% of liquidations).
Meanwhile, the total number of insolvencies for the first five months of 2010 decreased by 24.0% (from 2 049 to 1 558) compared with the first five months of 2009.
The estimated number of insolvencies for June 2010 decreased by 37.1% (from 558 to 351) compared with June 2009.
The total number of insolvencies for the first six months of 2010 decreased by 27.8%, from 1 643 to 1 909 compared with the first six months of 2009.
The total number of liquidations recorded for the first seven months of 2010 decreased by 1.4%, from 2 379 to 2 346 compared with the first seven months of 2009.
The 1.4% decrease in the total number of liquidations for the first seven months of 2010 was due to a decrease of 35.0% in compulsory liquidations, from 214 to 139.
Stats SA said during the period, close corporation liquidations decreased by 5.3% from 1 279 to 1 211 while company liquidations increased by 3.2% from 1 100 to 1 135.
The highest numbers of liquidations during the first seven months of 2010 were related to businesses in the financing, insurance, real estate and business services industry (1 070 cases or 45.6% of liquidations) and the wholesale and retail trade, catering and accommodation industry (685 cases or 29.2% of liquidations).
Meanwhile, the total number of insolvencies for the first five months of 2010 decreased by 24.0% (from 2 049 to 1 558) compared with the first five months of 2009.
The estimated number of insolvencies for June 2010 decreased by 37.1% (from 558 to 351) compared with June 2009.
The total number of insolvencies for the first six months of 2010 decreased by 27.8%, from 1 643 to 1 909 compared with the first six months of 2009.
