Despite the challenging economic environment facing South Africa, the number of liquidations decreased in the first half of 2023 compared to the same period in 2022.
The number of liquidations in South Africa increased by 128 in June, data from Stats SA shows.
However, it should be noted that the number of liquidations in South Africa has decreased substantially compared to 2022.It also said that there was a 17.0% decrease in liquidations in Q2 2023 compared to Q2 2022. On the other end of the scale, the electricity, gas and water industry saw no liquidations during the month, with it yet to see a single liquidation in 2023.
also cooled from 6.3% in May to 5.4% in June, which led to the South African Reserve Bank keeping rates on hold after ten consecutive hikes.
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