News Formal

Business weathering even more liquidations and insolvencies

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Sverige Nyheter Nyheter

The total number of company liquidations grew 13.5% in August, according to Stats SA

Business liquidations and insolvencies continue to rise, according to Stats SA data released on Monday, underscoring an economy that is struggling to grow and facing business confidence at record lows.

The estimated number of insolvencies for July 2019 grew 79.7% as compared with July 2018. In the three months ended July, estimated insolvencies grew by 35.9%.easonally adjusted insolvencies increased by 32.9% in July 2019 compared with June 2019. This followed month-on-month changes of 14.3% in June 2019 and 21.4% in May 2019.

This was followed by liquidations of firms not classified into a sector, with 347 liquidations, and liquidations in the trade catering and accommodation sector of 322. The majority, about 88%, were voluntary liquidations.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

New Wits Business School master’s course unlocks the power of innovationSPONSORED | Unlock the power of innovation. Applications for the Master of Management in Innovation Studies at witsbschool are now open. Apply today
Källa: TimesLIVE - 🏆 28. / 59 Läs mer »

PODCAST | BUSINESS DAY SPOTLIGHT: New app to revolutionise SA agricultureFarmers will get some much-needed technology help from the award-winning Khula
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Two business robbery suspects shot dead by police in JoburgTwo business robbery suspects were shot and killed in a shoot-out with police in Johannesburg south, police said on Wednesday. We r getting somewhere as a country. populistmorons Job well done SAPoliceService 👍
Källa: SowetanLIVE - 🏆 13. / 63 Läs mer »

J&B Hive helps entrepreneurs take their business to the next levelThe initiative is a great enabler for collaborations and this is ultimately key to SA gaining a firm economic footing.
Källa: TheCitizen_News - 🏆 6. / 75 Läs mer »