Number of monthly voluntary close corporation liquidations in South Africa 2020-2023
number of monthly compulsory close corporation liquidations is quite substantial. In 2020, a total of 765 voluntary liquidations was recorded and in 2021 this amount increased by approximately 6%, which resulted in a total of 810 liquidations. In 2022, the number of liquidations decreased by roughly 10% resulting in 725 liquidations.
The number of monthly voluntary close corporation liquidations in August 2023 increased to 69 liquidations from 56bliquidations in August 2022. The number of liquidations in 2022 varied throughout the year but peaked and remained unchanged at 95 liquidations during May and June . The difference in the amount of voluntary liquidations and the