Number of close corporation liquidations in South Africa, by industry and type 2022
In 2022, the highest amount of close corporation liquidations in South Africa was allocated to the financing, insurance, real estate, and business services industries. A total of 275 close corporations filed for liquidation, of which 245 were voluntary. The trade, catering, and accommodation industry followed with 203 liquidation reports, the majority being voluntary. The mining and quarrying sector recorded the least liquidations, reporting only a single voluntary case.