Number of liquidations in South Africa, by industry and type 2022

Number of liquidations in South Africa in 2022, by industry and type

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Release date

February 2023

Region

South Africa

Survey time period

2022

Supplementary notes

Compulsory liquidation is a procedure where the assets of a company/close corporation are sold to pay off creditors. The residual assets will then be distributed between the shareholders and finally, the company will be closed.

Voluntary liquidation occurs when the shareholders of a company/close corporation decide to close the company on their own terms after passing a special resolution undertaking that the company/close corporation is to be liquidated.

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