According to the figures released by Statistics SA the number of liquidations increased by 24.9% in the second quarter of this year compared with the same period for last year. The estimated number of insolvencies increased by 4.6% in May and a 15.2% increase was estimated in the first five months of this year. Economist..
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We are in big trouble! With more firms shutting their doors ‘South Africa is getting poorer’ and paints a bleak picture of the state of the economy
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