Stats SA has published the latest liquidation statistics for businesses in SA, showing that 523 companies have shut their doors in the country to date.

BusinessTech reports it showed that 112 businesses were liquidated in April, 99 on a voluntary basis and 13 on a compulsory basis. This adds to the 168 businesses that were liquidated in March, taking the total for the year to 523.

Finance, insurance, real estate and business services were the most heavily affected industry for the fourth consecutive month this year, with a total of 204 since January 2023, including the 45 liquidations in April alone.

Unclassified industries followed suit with 26 liquidations, while the trade, catering and accommodation industry further reported 24 liquidations in April.

The electricity, gas and water industry, the agriculture, hunting and forestry industries, and the mining and quarrying industry were the only listed industries with no liquidations.

Small and medium-sized businesses are getting hammered by load shedding, and almost all of them have suffered a loss of revenue and production, among other things, due to the power cuts.

As previously reported, Regiments Capital – which was heavily implicated in state capture – will be liquidated.

This follows a successful application by the SARS and its liquidators to the SCA against an earlier order setting aside the liquidation.

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