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.

Weather

Currencies

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

Moon Cycle

CURRENT MOON

Horoscopes

Movie Trailers

Based on the young adult's book of the same name this sci-fi drama works on...
A self-absorbed realtor enlists the help of his neighbor when he's suddenly...
College sweethearts Greta (Keira Knightley) and Dave (Adam Levine) are...
Based on the young adult's book of the same name this sci-fi drama works on...
This big budget, visual effects-driven disaster movie outlines what happens...

Games

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 plan on making use of the GO GEORGE bus system?
Definitely!
George Herald 62%
No
George Herald 32%
I'm still deciding
George Herald 6%
Men
Women
Search
I'm a 58 year old man looking to meet women between the ages of 54 and 59.
I'm a 63 year old man looking to meet women between the ages of 50 and 60.