SA recorded fewer liquidations and insolvencies in July 2011

Statistics South Africa released the monthly updated data for Liquidations and Insolvencies for July 2011, on Monday.

The total number of liquidations recorded for the month of July 2011 fell by 10.7%y/y (from 281 to 251) and by 50.8% in the three month period from May to July compared with the same period in 2010. The decline over the past three months was driven by both a decrease in the number of voluntary liquidations (493 fewer) as well as compulsory liquidations (37 fewer). The number of liquidations for the first seven months of 2011 decreased by 21.4%, compared with the same period in 2010.

The total number of insolvencies for the second quarter of 2011 decreased by 36.4% (from 1 073 to 682) compared with the second quarter in 2010. 

Laura Jones 
Economic Assistant

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