As of August 2021, the seasonally adjusted insolvencies measured on a monthly basis in South Africa was -15.5%. Seasonal adjustment is a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends, whereas non-seasonally-adjusted reflects the actual current data.
Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021
Seasonal adjustment is a method used in statistics to remove the seasonal component of a time series that is used when analyzing non-seasonal trends.
Values from September 2021 onwards are missing due to a computer hack detailed below:
Important Notice: Release P0043 currently publishes both Liquidations and Insolvencies. The Department of Justice and Constitutional Development (DOJ & CD), the main supplier of statistics on Insolvencies, experienced a computer hack in September 2021 and has since not been able to supply Insolvencies data to Statistics South Africa (Stats SA).
Subsequently, Stats SA has decided to split the release P0043 into two releases with effect from April 2023 onwards, namely:
P0043.1 Statistics of liquidations; and
P0043.2 Statistics of insolvencies
The P0043.2 release will remain inactive until the computer hack at the Department of Justice and Constitutional Development is resolved.
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Statistics South Africa. (March 27, 2023). Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/
Statistics South Africa. "Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021." Chart. March 27, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/
Statistics South Africa. (2023). Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/
Statistics South Africa. "Percentage Change of Seasonally Adjusted Insolvencies in South Africa from 2019-2021." Statista, Statista Inc., 27 Mar 2023, https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/
Statistics South Africa, Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021 Statista, https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/ (last visited July 22, 2024)
Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021 [Graph], Statistics South Africa, March 27, 2023. [Online]. Available: https://www.statista.com/statistics/1383675/percentage-change-of-seasonally-adjusted-insolvencies-in-south-africa/
