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Dip in civil summonses issued for debt

Johannesburg - There was an 11% decrease in the total number of civil summonses issued for debt between June 2009 and June 2010, Statistics SA said on Thursday.

The second quarter of 2010, however, reflected a 4.6% increase in the total number of civil summonses issued for debt compared with the second quarter of 2009.

The major contributors to the 4.6% increase were civil summonses issued for services (contributing 4.2 percentage points) and money lent (contributing 2.2 percentage points).

Statistics SA said there was a decrease of 3.7% recorded between June 2009 and June 2010 for the total number of civil judgments recorded for debt.

However, the total number of civil judgments recorded for debt for the second quarter of 2010 increased by 4.9% compared with the second quarter of 2009.

Civil judgments for promissory notes and other acknowledgements of debt (contributing 6.4 percentage points), money lent (contributing 1.2 percentage points) and rent (contributing 0.7 of a percentage point) were the drivers behind the 4.9% increase.

According to Statistics SA there was a decrease of 12.3% between June 2009 and June 2010 in the total value of civil judgments recorded for debt.

There was also a decrease of 9.2% in the total value of civil judgments recorded for debt for the second quarter of 2010 compared with the second quarter of 2009.

The major contributors to the 9.2% decrease were the money lent category (contributing -6.9 percentage points), the goods sold category (contributing -1.5 percentage points), the other debts category (contributing -0.9 of a percentage point) and the promissory notes and other acknowledgements of debt category (contributing -0.6 of a percentage point).

During June 2010, 62 013 civil judgments for debt amounting to R578.7m were recorded.

The largest contributors to the R578.7m were money lent (R207.6m); goods sold (R88.3m); services (R88m); and other debts (R86.3m).

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