MarketDevelopingSource: Business Day (BusinessLIVE)?
South African corporate insolvencies surge as business rescue gains traction
Stats SA data shows 1,116 companies entered liquidation year-to-date, while major restructurings signal a shift toward preserving creditor value.
HA
By Handelsavisen Newsroom · Automated
2026-07-21 03:10 UTC · 1 min read
South Africa’s corporate sector is facing a wave of insolvencies, with official statistics revealing that 1,116 companies have entered liquidation so far this year.
The pace of failure accelerated in May, when 225 firms were placed into liquidation in a single month, according to data from Statistics South Africa (Stats SA).