/ 8 June 1999

LIQUIDATIONS RISE 32,5%

THE total of 1069 liquidations recorded for the three months up to April 1999 showed a 32,5% increase compared to the 807 in the same period last year. Statistics South Africa head Mark Orkin said on Monday the figure could largely be attributed to an increase in voluntary liquidations by 44%. Voluntary company liquidations increased by 18,5% while those of close corporations increased by 78,5%.