Civil judgments for debt hit R317m mark

2016-06-15 22:00
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Cape Town - About 22 365 civil judgments were recorded for April with a total value of R317.3m, according to data released by Statistics SA on Wednesday.

The largest contributors to the total value of judgments were ‘other’ debts  at R94.5m, money lent at R86.8m and services at R58.2m.

However, the total value of civil judgments for debt fell by 6.3% when looking at the three months ended April 2016, compared with the three months ended April 2015.

StatsSA said the largest negative contributions to the 6.3% decrease were judgments relating to ‘other’ debts at -5.4 percentage points, promissory notes at -1.5 percentage points and goods sold at -1.0 percentage point.

"The total number of civil summonses issued for debt decreased by 6.6% in the three months ended April 2016 compared with the three months ended April 2015."

The largest contributions to the 6.6% decrease were civil summonses relating to money lent at -6,1 percentage points and ‘other’ debts at -1.4 percentage points.

In the same period, the total number of civil judgments recorded for debt decreased by 9.1%.

The largest contributions to the decrease related to money lent at -5.2 percentage points; promissory notes at -2.7 percentage points and services at -1.3 percentage points.

The total number of civil summonses issued for debt decreased by 13.4% in the first quarter of 2016 compared with the first quarter of 2015.

StatsSA conducts a monthly sample survey of civil cases recorded and civil summonses for debt issued in South Africa. The monthly survey of 203 magistrates’ courts represents approximately 98% of all cases in South Africa, according to the StatsSA.

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