The number of liquidations reflected a year-on-year increase of 15.7 percent, from 344 in November 2010 to 398 in November 2011 says Statistics SA.

Data on statistics of liquidations and insolvencies revealed that the number of liquidations for the three months ended November 2011 increased by 1.2 percent year-on-year (y/y) from 1 078 to 1 091

The number of liquidations for the first eleven months of 2011 fell by 11.8 percent y/y from 3 667 to 3 236.

Stats SA says this decline was due to a 14.3 percent drop in voluntary liquidations (487 fewer liquidations)

During this period company liquidations fell by 16.5 percent (from 1 742 to 1 455), while close corporation liquidations fell by 7.5 percent (from 1 925 to 1 781).

The total number of insolvencies for the first ten months of 2011 decreased by 32.2 percent from 3 368 to 2 284 compared with the first ten months of 2010.

A y/y decrease of 17.0 percent from 323 to 268 was estimated for October 2011. – Denise Mhlanga

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