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Company liquidations surge 30% amid a tough operating environment

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Stats SA reveals businesses are reeling from the aftereffects of Covid-19 in the high inflationary environment

SA businesses are reeling from the effects of Covid-19 coupled with the current high inflationary environment according to the latest data from Stats SA, which revealed on Monday that the number of company liquidations surged 30.3% year on year in December.

An important indicator of the scope of unpaid debt in SA, the latest statistics of liquidations and insolvencies illustrate that 159 companies had gone under in December 2022 compared with 122 in the previous year. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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