Over 1200 business liquidations in 2023: Is this the worst we’ve seen?

GUEST – Gareth Cremen Cox Yeats Partner <br /> <br /> <br /> <br /> Data from Statistics South Africa (Stats SA) has revealed a shocking truth about the state of businesses in the country. <br /> <br /> “Stats SA collects administrative information on liquidations from Companies and Intellectual Property Commission and the Department of Trade, Industry and Competition,” said the organisation. <br /> <br /> Stats SA said that more that 1,200 businesses have had to shut down their operations in 2023. <br /> <br /> However, despite the high numbers, they are lower than those of 2022. <a href="http://www.kayafm.co.za/">Kaya FM </a>