Number of monthly compulsory liquidations in South Africa 2020-2023

Number of monthly compulsory liquidations in South Africa from 2020 to 2023

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Release date

September 2023

Region

South Africa

Survey time period

January 2020 to August 2023

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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