Significant drop in civil summonses for debt

2016-05-19 11:01
Post a comment 0

Cape Town - 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, Statistics South Africa announced on Thursday.

The total number of civil judgments recorded for debt fell by 11.2% and the total value of the judgments slipped by 5.8%

The largest contributions to the 13.4% drop were civil summonses relating to money lent (contributing -7.6 percentage points);  ‘other’ debts (contributing -3.1 percentage points); and services (contributing -1.3 percentage points).

In March 2016, 22 418 civil judgments for debt amounting to R362m were recorded, with the largest contributors to the total value of judgments being money lent (R107.2m or 29,6%); 'other' debts (R84.8m or 23.4%); and services (R65.6m or 18.1%).