The number of monthly compulsory close corporation liquidations in August 2023 slightly increased to 7 liquidations from 5 liquidations in August 2022. The number of monthly liquidations in 2022 varied throughout the year. A similar trend to the number of monthly compulsory company liquidations was followed, and a gradual decrease occurred from October to December 2022. In 2020, a total of 106 liquidations was recorded and in 2021 this amount decreased by approximately 39%, which resulted in a total of 65 liquidations. In 2022, the number of liquidations increased by 40% resulting in 91 liquidations.
Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023
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. (September 26, 2023). Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023 [Graph]. In Statista. Retrieved January 04, 2025, from https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/
Statistics South Africa. "Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023." Chart. September 26, 2023. Statista. Accessed January 04, 2025. https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/
Statistics South Africa. (2023). Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023. Statista. Statista Inc.. Accessed: January 04, 2025. https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/
Statistics South Africa. "Number of Monthly Compulsory Close Corporation Liquidations in South Africa from 2020-2023." Statista, Statista Inc., 26 Sep 2023, https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/
Statistics South Africa, Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023 Statista, https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/ (last visited January 04, 2025)
Number of monthly compulsory close corporation liquidations in South Africa from 2020-2023 [Graph], Statistics South Africa, September 26, 2023. [Online]. Available: https://www.statista.com/statistics/1383428/number-of-monthly-compulsory-close-corporation-liquidations-in-south-africa/
