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Johannesburg - The
first quarter of 2010 reflected a 1.9% decrease in the
total number of civil summonses issued for debt compared with the
first quarter of 2009, Statistics SA said on Thursday.
A decrease of 5.4% was recorded between March 2009 and March
2010, the Pretoria-based agency added.
The major contributors to the 1.9% decrease in the number of
summonses issued for the first quarter of 2010 compared with the
first quarter of 2009 were civil summonses issued for goods sold
on an open account (contributing -2.7 percentage points) and "other
debts" (contributing -1.5 percentage points).
The three positive contributors were the money lent, promissory notes
and other acknowledgements of debt and instalment sale transactions
categories, Statistics SA said.
The total number of civil judgments recorded for debt for the first
quarter of 2010 decreased by 2.2% compared with the first
quarter of 2009.
A decrease of 8.9% was recorded between March 2009 and March
2010.
Civil judgments for "other debts" (contributing -4.2 percentage points),
goods sold on an open account (contributing -2.3 percentage
points) and "other services" (contributing -0.4 of a percentage
point) were the main drivers behind the 2.2% decrease.
The promissory notes and other acknowledgements of debt category counteracted
the decrease and contributed 4.1 percentage points.
Statistics SA said there was an increase of 10% in the total
value of civil judgments recorded for debt for the first quarter
of 2010 compared with the first quarter of 2009.
An increase of 2.5% was recorded between March 2009 and March
2010.
The major contributors to the 10% increase in the value of
civil judgments for the first quarter of 2010 compared with the first
quarter of 2009 were the promissory notes and other acknowledgements
of debt (contributing 5.3 percentage points) and money
lent (contributing 5.2 percentage points) categories.
Three categories that contributed negatively were "other debts" (contributing
-1.9 percentage points), goods sold on an open account
(contributing -0.8 percentage points) and rent (contributing
-0.3 of a percentage point).
During March 2010, 61 036 civil judgments for debt amounting to R642m were recorded.
The largest contributors to the R642m were money lent (R221.0m), "other debts" (R100.7m), promissory notes and
other acknowledgements of debt (R75.6m) and "other services" (R62.5m).
- Sapa