Translate to: 

Company closures down: Stats SA

NATIONAL NEWS - Far fewer companies closed down in February, compared to the same month the year before, Statistics SA said on Monday.

"A year-on-year decrease of 49.9 percent was recorded for February 2012," the agency reported.

This was due to a 54 percent decline in the number of voluntary liquidations.

Company liquidations decreased by 62 percent, while close corporation liquidations fell by 38 percent over this period.

Stats SA said liquidations took place when the affairs of a company or close corporation were wound up because its liabilities exceeded its assets, and the matter was resolved either voluntarily or by a court order.

Insolvencies - where an individual or partnership is unable to pay debt and is placed under final sequestration -- declined 6.5 percent in January, compared to the same month in 2011, Stats SA said.

Source : Sapa
16:20 (GMT+2), Mon, 26 March 2012
Your Comments...
Login or Register here.
*To REGISTER you will be directed to the registration page. Once you have completed the registration process, please return to this page.



US Dollar
Pound Sterling
Australian Dollar
New Zealand Dollar
Canadian Dollar
UAE Dirham
Singapore Dollar
Chinese Yuan

Moon Cycle



Get your free daily horoscope + free daily forecast below.
Choose your zodiac sign:
March 21 - April 19
September 23 - October 22
April 20 - May 20
October 23 - November 21
May 21 - June 20
November 22 - December 21
June 21 - July 22
December 22 - January 19
July 23 - August 22
January 20 - February 18
August 23 - September 22
February 19 - March 20

Movie Trailers

During a manned mission to Mars, Astronaut Mark Watney is presumed dead...
After having escaped the Maze, the Gladers now face a new set of challenges...
70-year-old widower Ben Whittaker has discovered that retirement isn't all...
Dracula and his friends try to bring out the monster in his half human,...
Ster-Kinekor released the gripping drama Everest in IMAX 3D, for a truly...


Air hockey is one of everyone's favorite challenges! Represent your...
This is the most advanced edition of the popular online version of Pool...
In this Digital Domino Game all the rules are the same as the real game....
The classic mind-wracking math puzzle game is now online! With a brad new...
Voting Poll
Do you think South Africa's win against USA in the Rugby World Cup was their last?
Yes, both Wales and Australia will beat them
George Herald 9%
No, the second half of the game was magic, they are going through!
George Herald 70%
Who cares
George Herald 20%
I'm a 68 year old man looking to meet women between the ages of 60 and 69.
I'm a 62 year old man looking to meet women between the ages of 40 and 60.