The businesses hit hardest by liquidations in South Africa right now - with jobs not coming back
Statistics South Africa has published its latest report on liquidations and insolvencies, showing how South African businesses fared in 2021.
The data shows that from January to December 2021, there were a total of 1,932 reported liquidations in South Africa. This is largely in line with liquidation trends prior to the start of the Covid-19 pandemic in 2020.The total number of liquidations decreased by 29.2% in the fourth quarter of 2021 compared with the fourth quarter of 2020. There was a year-on-year decrease of 20.3% in December 2021.
The below table highlights the business categories which reported the most liquidations in 2021.Of all sectors, financing, insurance, real estate, business services (625 liquidations), trade, catering, and accommodation (414) and community services (157) were the hardest hit.Read more: BusinessTech »
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