/ 25 March 1999

DEBT CONTINUES TO RISE

CIVIL debt continues to rise, with the number of civil summonses for debt recorded for the three months up to January 1999 increasing by 7,2% compared with the corresponding period last year, Statistics South Africa said on Thursday. After seasonal adjustment this rises to an increase of 10,6% on the preceding three months. The total number of civil judgments for debt recorded in that period increased by 6,8% compared with the corresponding period last year but, after seasonal adjustment, is 5,9% lower than the previous three months. During January 1999, 56586 civil judgments for debt were issued amounting to R563,2 million.