Cape Town - The number of liquidations has decreased by 12 percent year-on-year, Statistics SA announced on Monday.
“The number of liquidations decreased by 11.9 percent in the three months ended October 2014 compared with the three months ended October 2013,” Stats SA's latest preliminary report said.
“There was a year-on-year decrease of 12.0 percent (23 fewer liquidations) in October 2014.
The wholesale, retail trade, catering and accommodation sector saw the largest year-on-year decrease.
Eleven fewer liquidations happened in this sector.
“The estimated number of insolvencies increased by 7.4 percent year-on-year in September 2014, following six consecutive negative year-on-year growth rates,” said Stats SA.
“There was a decrease of 5.1 percent in the first nine months of 2014 compared with the first nine months of 2013.” - Sapa