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Liquidations, insolvencies drop - but the news is mixed

Liquidations have decreased by 13.4% in August, while insolvencies decreased by 22.9% year-on-year in July, StatsSA has said.

According to data released last week, the financing, insurance, real estate, business services were the sectors reflecting the most liquidations, with 11 compulsory cases and 49 voluntary cases.

There was in contrast to an overall increase in liquidations of 4.2% in the first eight months of 2018, noted despite the latest year-on-year decrease of 13.4% and 1.1% decrease in the three months ended August 2018, compared to the three months ended August 2017.

READ: Liquidations and insolvencies dip in April and March

Insolvencies decreased year-on-year in July, as well as reflecting a decrease of 18.1% in the first seven months of 2018, compared with the first seven months of 2017.

A 20.8% decrease was noted in the three months ended July 2018, compared with the three months ended July 2017.

Seasonally adjusted insolvencies increased by 1.1% in July 2018 compared with June 2018. This followed month-on-month changes of -1.1% in June 2018 and 2.8% in May 2018, Stats SA said.

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