Construction sector liquidations up 32% in 2022
Construction sector liquidations increased by 32% in 2022, compared to an overall decrease of 1% across all sectors of the economy, says Industry Insight. The construction market intelligence firm says this clearly highlights the difficult position experienced by the local construction industry. According to Stats SA, 94 construction sector companies closed their doors in 2022, with compulsory liquidations increasing year on year by 56% and voluntary liquidations by 29%.