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

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

CharacteristicCompulsoryVoluntary
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
Created with Highcharts 7.2.2Number of liquidations35435417917949493434313199883311423423CompulsoryVoluntaryFinancing, insurance, real estate, business servicesTrade, catering and accommodationCommunity, social, personal servicesManufacturingConstructionTransport, storage, communicationAgriculture, hunting, forestry and fishingMining and quarryingElectricity, gas and waterUnclassified
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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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