Liquidations increase in August

Pretoria - The total number of liquidations recorded increased by 9.3% (15 more cases) year-on-year in August 2015, Statistics SA said on Monday.

Voluntary liquidations increased by 17 cases, while compulsory liquidations decreased by 2 cases.

The number of liquidations in the three months ended August 2015 decreased by 8.5% compared with the three months ended August 2014. There was a decrease of 6.3% in the first eight months of 2015 compared with the first eight months of 2014.

The estimated number of insolvencies decreased by 16.4% year-on-year in July 2015. An 11.3% decrease was estimated between the three months ended July 2014 and the three months ended July 2015. There was a decrease of 9.8% in the first seven months of 2015 compared with the first seven months of 2014.