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
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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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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Statistics South Africa. (February 27, 2023). Number of company liquidations in South Africa in 2022, by industry and type [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/
Statistics South Africa. "Number of company liquidations in South Africa in 2022, by industry and type." Chart. February 27, 2023. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/
Statistics South Africa. (2023). Number of company liquidations in South Africa in 2022, by industry and type. Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/
Statistics South Africa. "Number of Company Liquidations in South Africa in 2022, by Industry and Type." Statista, Statista Inc., 27 Feb 2023, https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/
Statistics South Africa, Number of company liquidations in South Africa in 2022, by industry and type Statista, https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/ (last visited February 18, 2025)
Number of company liquidations in South Africa in 2022, by industry and type [Graph], Statistics South Africa, February 27, 2023. [Online]. Available: https://www.statista.com/statistics/1382120/number-of-company-liquidations-by-industry-and-type-in-south-africa/
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