South Africa: liquidations of companies 2022

In 2022, the highest amount of company liquidations in South Africa was allocated to the finance, insurance, real estate, and business services sectors, with 354 companies ceasing operations. Of those, voluntary liquidations accounted for the majority, with 316 liquidations. Following this, 179 companies filed for liquidation in the trade, catering, and accommodation industries. Conversely, the electricity, gas, and water sector reported as little as one voluntary liquidation.

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

Characteristic	Compulsory	Voluntary
Financing, insurance, real estate, business services	38	316
Trade, catering and accommodation	20	159
Community, social, personal services	3	46
Manufacturing	8	26
Construction	8	23
Transport, storage, communication	2	7
Agriculture, hunting, forestry and fishing	1	7
Mining and quarrying	1	2
Electricity, gas and water	0	1
Unclassified	58	365

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Release date

February 2023

More information

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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