Mail & Guardian
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.