More than 370 businesses liquidated in 2024 - Stats SA

JOHANNESBURG - More than 370 businesses across the country have shut their doors amid concerns that the business environment continues to be challenging.

Stats SA released the latest figures for liquidations on Wednesday. 

It said that the number of liquidations decreased by more than 4% in the second quarter of the year compared to the same time a year ago.

Although some businesses were spared, the tally remains high.

Principal survey statistician at Stats SA, Suzzie Mnguni: "Broken down by type of institutions, 67 companies and 54 closed corporations closed their doors in June 2024. The number of company closures decreased by three cases year-on-year."