Company liquidations surge 30% amid a tough operating 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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plans for new private power company in South Africa: reportA South African civil rights organisation has plans to develop small power generation modules that supply cities with power for up to 40 years. I hate that it's AfriForum doing this But it's good that it get done Good to hear. Just a small correction: it is a Pebble Bed Modular Reactor, not Peddle Bed. The fuel is small spherical 'pebbles.'
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Huge growth for South African software development company CodehesionSouth African software development company Codehesion has achieved huge growth over the past year, more than doubling its revenue and staff size.
Source: BusinessTechSA - 🏆 24. / 61 Read more »