As of August 2023, the number of monthly close corporation liquidations was 76 which was an increase from August 2022. The total number of monthly liquidations amounted to 816 in 2022, which was a decrease compared to 2021 when 875 liquidations were registered. When compared to the total number of monthly company liquidations, the overall monthly close corporation liquidations was lower.
Total number of monthly close corporation liquidations in South Africa from 2020-2023
Total number includes compulsory and voluntary liquidations.
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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statistics South Africa. (September 26, 2023). Total number of monthly close corporation liquidations in South Africa from 2020-2023 [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/
Statistics South Africa. "Total number of monthly close corporation liquidations in South Africa from 2020-2023." Chart. September 26, 2023. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/
Statistics South Africa. (2023). Total number of monthly close corporation liquidations in South Africa from 2020-2023. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/
Statistics South Africa. "Total Number of Monthly Close Corporation Liquidations in South Africa from 2020-2023." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/
Statistics South Africa, Total number of monthly close corporation liquidations in South Africa from 2020-2023 Statista, https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/ (last visited January 04, 2025)
Total number of monthly close corporation liquidations in South Africa from 2020-2023 [Graph], Statistics South Africa, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1383386/total-number-of-monthly-close-corporation-liquidations-in-south-africa/
