Liquidations skyrocket as economy crawls

In the first third of 2019, insolvencies rose by 10% suggesting businesses are struggling to stay afloatThe total number of liquidations recorded in SA went up by more than half in April , as more companies lost their battle with a South African economy that is barely growing.

Insolvencies of individuals and partnerships also rose strongly in March by 30.1% year-on-year, following February’s 41.1% spike. “Consumers remain highly constrained, burdened by rising administered prices and other taxes, while unemployment rates remain elevated at 27.6%,” Hodes said SA’s economic progress has disappointed in 2019 but analysts are hopeful that there will be some kind of boost in investment and output once newly elected President Cyril Ramaphosa announces his cabinet, starts to initiate governance plans and signs of delayed legislation which can improve business conditions.

New dawn apparently

South Africa Latest News, South Africa Headlines

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

Ramaphosa promises to put SA firstRamaphosa is urging all South Africans to work with him. Hmmmmm...... I'm waiting! It was a good day, now for tomorrow Is it me or mangusuthu mentioned all President's from apartheid ones until mbeki but never mentioned Zuma
Source: eNCA - 🏆 49. / 51 Read more »

#AfricaDay: Africa home to vast opportunities for SA youth | Cape ArgusOPINION: We should take pride in our achievements as a continent whilst bearing in mind that more needs to be done to realise the full vision of the founding fathers of the AU, writes Phumla Williams. AfricaDay TheCapeArgus
Source: IOL - 🏆 46. / 51 Read more »

MARK BARNES: SA — there isn’t another place to goMARK BARNES: SA — there isn’t another place to go mark_barnes56 🔒 mark_barnes56 Thank goodness traveling on holiday is faster than the post. mark_barnes56 You gotta be joking post man . mark_barnes56 Unless you want to receive mail
Source: BDliveSA - 🏆 12. / 63 Read more »

SA universities play key role in making more students multilingual | IOL NewsUniversities are becoming increasingly aware that students need to be linguistically competent to work in different sectors of society.
Source: IOL - 🏆 46. / 51 Read more »

Why Cosafa Cup does not deserve a bad rap from SA football fansSouthern African tournament serves small nations, coaches and match officials We can't be arrogant about a competition we can't win 😂 I wish I was sold to this nobility.
Source: BDliveSA - 🏆 12. / 63 Read more »

MAX DU PREEZ: The bench and SA poorer after loss of this boerseun with integrityAnton Steenkamp cut his teeth at Vrye Weekblad before becoming a judge beloved across the political spectrum
Source: BDliveSA - 🏆 12. / 63 Read more »

MAX DU PREEZ: The bench and SA poorer after loss of this boerseun with integrityAnton Steenkamp cut his teeth at Vrye Weekblad before becoming a judge beloved across the political spectrum
Source: BDliveSA - 🏆 12. / 63 Read more »

Amla returns hungrier than ever as SA records comfortable win in warm-up matchSouth Africa beat Sri Lanka by 87 runs in a World Cup warm-up game in Cardiff.
Source: ewnupdates - 🏆 30. / 53 Read more »

Maties vs SA Rugby boss heads for arbitration battle over R37m
Source: News24 - 🏆 4. / 80 Read more »

No need for SA to panic in Google, Huawei sagaIt seems South Africans don't need to panic, at least not yet. Yet......
Source: eNCA - 🏆 49. / 51 Read more »

SA trade show to support entrepreneurs and business development in JulyOne of the themes this year will highlight intra-African trade.
Source: TheCitizen_News - 🏆 6. / 75 Read more »