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Johannesburg -The total number of liquidations recorded for August 2010 decreased by 8.0% (from 264 to 243) compared with August 2009, Statistics SA said on Monday.
The total number of liquidations recorded for the first eight months of 2010 decreased by 2.0% (from 2643 to 2589) compared with the first eight months of 2009.
The 2.0% decrease was due to a decrease of 38.8% in compulsory liquidations (from 263 to 161), Statistics SA said.
During this period close corporation liquidations decreased by 5.7% (from 1 443 to 1 361) while company liquidations increased by 2.3% (from 1200 to 1228).
The highest numbers of liquidations during the first eight months of 2010 were related to businesses in the financing, insurance, real estate and business services industry (1 168 cases or 45.1% of liquidations) and the wholesale and retail trade, catering and accommodation industry (764 cases or 29.5% of liquidations).
Statistics SA said the estimated number of insolvencies for July 2010 decreased by 34.5 percent (from 527 to 345) compared with July 2009.
The total number of insolvencies for the first seven months of 2010 decreased by 29.2% (from 3182 to 2254) compared with the first seven months of 2009.
The total number of liquidations recorded for the first eight months of 2010 decreased by 2.0% (from 2643 to 2589) compared with the first eight months of 2009.
The 2.0% decrease was due to a decrease of 38.8% in compulsory liquidations (from 263 to 161), Statistics SA said.
During this period close corporation liquidations decreased by 5.7% (from 1 443 to 1 361) while company liquidations increased by 2.3% (from 1200 to 1228).
The highest numbers of liquidations during the first eight months of 2010 were related to businesses in the financing, insurance, real estate and business services industry (1 168 cases or 45.1% of liquidations) and the wholesale and retail trade, catering and accommodation industry (764 cases or 29.5% of liquidations).
Statistics SA said the estimated number of insolvencies for July 2010 decreased by 34.5 percent (from 527 to 345) compared with July 2009.
The total number of insolvencies for the first seven months of 2010 decreased by 29.2% (from 3182 to 2254) compared with the first seven months of 2009.
