The businesses hit hardest by liquidations in South Africa right now – with jobs not coming back

The businesses hit hardest by liquidations in South Africa right now - with jobs not coming back

Business, Technology

2022-01-25 05:53:00 PM

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 »

FORCED TO BEG: Tanzania's Trafficked Kids - BBC Africa Eye documentary

Impoverished families in Tanzania are being tricked into giving up their disabled children by human traffickers. Promised a better life, the children are ins... Read more >>

These are the top companies to work for in South AfricaThe Top Employers Institute Africa has published its list of the best companies to work for in South Africa in 2022.

Stowaway survives in nose wheel of freight flight from South Africa to NetherlandsA stowaway was discovered in the wheel section under the front of a freight plane that arrived at Amsterdam's Schiphol airport from South Africa on Sunday, Dutch military police said. I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas4 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of AMBREYMARCUS1 I was able to earn R250,000 in 2 weeks thank you so much Mr AMBREYMARCUS1 .

De Kock century sets up South Africa clean sweepSouth Africa completed a 3-0 clean sweep in the series but not before what captain Temba Bavuma described as a “crazy” finish.

5 important things happening in South Africa todayThe ANC says that it has lost its way; Government will look at extending the R350 grant; Eskom sends electricity price hike warning; and the SACP wants the Reserve Bank’s mandate to change.

'Post-mortem' for India after South Africa ODI whitewashIndia lost their third and final ODI by four runs in Cape Town to end a disappointing tour that also saw the tourists lose the Test series 2-1. 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Stephanie_fx_tr 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜 I thought that India was excellent = you cant always win

‘It is time to get South Africa back to work’'...the time has come to review Covid restrictions on workplaces.' BusiMavuso2 Moneyweb Coronavirus