Filomena Scalise

The total number of liquidations in April decreased by 13.9% year on year (y/y), after a 39.4% y/y decrease in March, Statistics SA data showed on Monday.

The number of liquidations for the first four months of 2012 showed a 36.6% decline compared with the same period of 2011.

In April, there were 25 fewer voluntary and 12 fewer compulsory liquidations recorded compared with April 2011.

During this period, close corporation liquidations decreased by 16.5%, while company liquidations decreased by 9.3%.

The largest y/y decrease for April related to businesses in the financing, insurance, real estate and business services industry, which recorded 22 fewer liquidations; and the wholesale and retail trade, catering and accommodation industry, with 14 fewer liquidations.

A y/y decrease of 21.1% in insolvencies was estimated for March, after a decrease of 12.0% y/y in February.

The number of insolvencies fell by 17.1% between the first quarter of 2011 and the first quarter of 2012. - I-Net Bridge