The businesses are hit hardest by liquidations in South Africa right now.
New data from Stats SA shows that the total number of liquidations decreased by 1.6% in May 2022 compared with the same period a year ago. Voluntary liquidations decreased by eight cases, while compulsory liquidations increased by five cases, the stats body said. The total number of liquidations decreased by 8.9% in the first five months of 2022 compared with the first five months of 2021.