Mail & Guardian

Closure statistics

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The total number of business closures increased by 8.5% in February 2021 compared with February 2020. This is according to Statistics South Africa, which released the country’s liquidatio­n data this week. According to the data, the largest number of liquidatio­ns were in the financing, insurance, real estate and business services industry. The industry was also the hardest hit by liquidatio­ns in January. In 2020 there were 2 035 liquidatio­ns in total.

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