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Johannesburg - The value of civil judgments recorded for debt reflected a 7% year-on-year decrease for May, Statistics
South Africa reported on Thursday.
There was a decrease of 2.6% in the total value of civil judgments recorded for debt for the three months ended May 2010, compared with the three months ended May 2009.
The major contributors to the 2.6% decrease were the money lent category (contributing -4.8 percentage points), the promissory notes and other acknowledgement of debt category (contributing -0.4 of a percentage point) and the goods sold category (contributing -0.4 of a percentage point).
During May 2010, 60 608 civil judgments for debt amounting to R520.6m were recorded.
The largest contributors were:
• money lent (R133.5m or 25.6%);
• other debts (R111.7m or 21.5%);
• goods sold (R97.2m or 18.7%); and
• services (R85.9m or 16.5%).
- I-Net Bridge