South African Market Insights
  • Home
  • Blog
    • Blog-5Jun2018
    • Blog-18May2018
    • Blog-16May2018
    • Blog-3May2018
    • Blog-2May2018
    • Blog-30Apr2018
    • Blog-26Apr2018
    • Blog-24Apr2018
    • Blog-18Apr2018
    • Blog-17Apr2018
    • Blog-16Apr2018
    • Blog-3Apr2018
    • Blog-22Mar2018
    • Blog-20Mar2018
    • Blog-19Mar2018
    • Blog-23Oct2017
    • Blog-20Oct2017
    • Blog-11Oct2017
    • Blog-10Oct2017
    • Blog-6Oct2017
    • Blog-3Oct2017
    • Blog-2Oct2017
  • Economics
    • Rand Dollar Exchange Rate
    • South Africa's GDP
    • South Africa's Unemployment
    • SA by numbers
    • Economic Progress Index
    • Taylors Rule
    • South Africa's Formal Business Sector
    • South-Africa's-Fiscal-Policy
    • SA EU Trade Data
    • Inflation Heat Map
    • Population Density Map
    • Labour Market Dynamics
    • Estimating the Size of the Informal Economy
    • SA Consumer Spending Patterns
    • South Africa's Monetary Fiscal Policy Mix
    • GDP Animations >
      • SouthAfrica
      • WesternCape
      • EasternCape
      • NorthernCape
      • FreeState
      • KwaZuluNatal
      • NorthWest
      • Gauteng
      • Mpumalanga
      • Limpopo
    • South Africa's Economic Structure
    • South Africa's Economic History
    • South Africa's Trade Data Page
    • South Africa's Food and Beverages Sector
    • Financial Well-being of South African Companies_2015
    • SA vs the World
    • Budget Day Page (24 Feb 2016)
  • Stock in Focus
    • JSE ALSI Chart
    • Sector Comparison Page
    • JSE-Calendar-Tracker-2019
    • Adcorp (ADR)
    • Amazon (AMZN)
    • Apple (AAPL)
    • Ascendis (ASC)
    • AVI (AVI)
    • Bidvest (BVT)
    • Blue Label Telecoms (BLU)
    • Bowler Metcalf (BCF)
    • Capitec (CPI)
    • City Lodge Hotel Group
    • Clicks Group (CLS)
    • Coronation (CML)
    • Curro Holdings (COH)
    • Discovery (DSY)
    • Distell (DST)
    • EOH (EOH)
    • Famous Brands (FBR)
    • Ferrari (RACE)
    • FirstRand Group (FSR)
    • Grindrod (GND)
    • GrowthPoint (GRT)
    • Holdsport (HSP)
    • Harley-Davidson (HOG)
    • Hyprop (HYP)
    • Hyprop (HYP)_1Jun2016
    • Investec Property Fund (IPF)
    • JSE (JSE)
    • Massmart (MSM)
    • MediClinic (MEI)
    • MTN (MTN)
    • MTN (MTN)_May2016
    • Mr Price Group (MRP)
    • Mr Price Group (MRP)_8APR2016
    • Nedbank (NED)
    • OneLogix (OLG)
    • Peregrine Holdings (PGR)
    • Pick 'n Pay Stores (PIK)
    • Pioneer Foods (PFG)
    • PSG Group (PSG)
    • Quantum Foods (QFH)
    • RCL Foods (RCL)
    • Remgro (REM)
    • Richemont (CFR)
    • RMB Holdings (RMH)
    • Rolfes (RLF)
    • Sanlam (SLM)
    • Sasol (SOL)
    • Sasol (SOL)_18sep2016
    • Santova (SNV)
    • Spar Group (SPP)
    • Shoprite Holdings (SHP)
    • Spur Corporation (SUR)_7Sep2017
    • Standard Bank (SBK)
    • Steinhoff International Holdings (SNH)
    • Stor-Age (SSS)
    • Super Group (SPG)
    • Taste Holdings (TAS)_30May2016
    • The Foshini Group (TFG)
    • Value Logistics (VLE)
    • Vodacom (VOD)
    • Wilson Bayly Holmes Ovcon (WBO)
    • Woolworths (WHL)
    • Woolworths (WHL)_24Aug2017
    • Zeder (ZED)
  • Online Calculators
    • Rand Petrol Price Estimator
    • Share Valuation
    • Financial Ratios Calculator
    • GDP Growth Estimator
    • Future Value of Investment Calculator
    • Loan repayment calculator
  • Contact
  • About
  • Search

< South Africa's GDP
Economics Main Page >

The impact of Covid-19 on liquidations and insolvencies due to courts not operating at optimal levels

Category: Liquidations and insolvencies
Date: 27 July 2020

Related Topics

We take a look at the number of liquidations and insolvencies reported by Statistics South Africa. The issue with the numbers is the fact that it doesnt reflect what is expected due to Covid-19 as less of these are processed by the court, while most are expecting these numbers to spike due to companies closing down as a results of Covid-19
Johannesburg Stock Exchange weekly trading statistics for the week ended 19 August 2019
  • JSE ALSI Chart
  • JSE All Share Sunburst chart
  • ​JSE All share pie chart

A short note regarding insolvencies by Statistics South Africa 

The COVID-19 pandemic and lockdown regulations since 27 March 2020 have had an extensive impact on economic activity, including the work performed by the courts. Note that information on insolvencies is gathered from Notices of the Master of the High Court that appear in the Government Gazette. The estimated number of insolvencies decreased by 79,3% in May 2020 compared with May 2019. A 35,5% decrease was estimated in the first five months of 2020 compared with the first five months of 2019. Seasonally adjusted insolvencies increased by 455,6% (from 9 to 50 cases) in May 2020 compared with April 2020. This followed month-on-month changes of -95,0% in April 2020 and -22,0% in March 2020 – 
Number of insolvencies in South Africa
Number of insolvencies in South Africa

A short note regarding liquidations by Statistics South Africa ​

​The total number of liquidations decreased by 40,4% in the second quarter of 2020 compared with the second quarter of 2019. A year-on-year decrease of 17,8% was recorded in June 2020. The total number of liquidations decreased by 24,8% during the first six months of 2020 compared with the first six months of 2019
Number of insolvencies in South Africa
Number of insolvencies in South Africa
So sadly for economists and analysts hungry for data on how the Covid-19 is affecting the businesses in South Africa as the administrative data is affected by Covid-19 so once the courts starts processing these we expect to see a significant spike in the number of liquidations and insolvencies, but it will probably not show for the months it actually took place in. Even one of the biggest statistical released in South Africa, the consumer price index (CPI) is affected by the Covid-19 pandemic and numerous imputation methods are required to deal with the issues brought about by the Covid-19 pandemic.

Newsletter Subscription:

    Please enter your email address below to subscribe to our newsletter. It will be ad hoc newsletters and we wont bombard your email inbox with emails. We will NEVER supply your contact details to any third party.

Subscribe to Newsletter

Additional content

Related Topics

  • JSE All Share Sunburts chart
  • ​JSE All share pie chart​


​Homepage

Economics Page
Stock in Focus Page


​About


Contact Us

Copyright © 2015
  • Home
  • Blog
    • Blog-5Jun2018
    • Blog-18May2018
    • Blog-16May2018
    • Blog-3May2018
    • Blog-2May2018
    • Blog-30Apr2018
    • Blog-26Apr2018
    • Blog-24Apr2018
    • Blog-18Apr2018
    • Blog-17Apr2018
    • Blog-16Apr2018
    • Blog-3Apr2018
    • Blog-22Mar2018
    • Blog-20Mar2018
    • Blog-19Mar2018
    • Blog-23Oct2017
    • Blog-20Oct2017
    • Blog-11Oct2017
    • Blog-10Oct2017
    • Blog-6Oct2017
    • Blog-3Oct2017
    • Blog-2Oct2017
  • Economics
    • Rand Dollar Exchange Rate
    • South Africa's GDP
    • South Africa's Unemployment
    • SA by numbers
    • Economic Progress Index
    • Taylors Rule
    • South Africa's Formal Business Sector
    • South-Africa's-Fiscal-Policy
    • SA EU Trade Data
    • Inflation Heat Map
    • Population Density Map
    • Labour Market Dynamics
    • Estimating the Size of the Informal Economy
    • SA Consumer Spending Patterns
    • South Africa's Monetary Fiscal Policy Mix
    • GDP Animations >
      • SouthAfrica
      • WesternCape
      • EasternCape
      • NorthernCape
      • FreeState
      • KwaZuluNatal
      • NorthWest
      • Gauteng
      • Mpumalanga
      • Limpopo
    • South Africa's Economic Structure
    • South Africa's Economic History
    • South Africa's Trade Data Page
    • South Africa's Food and Beverages Sector
    • Financial Well-being of South African Companies_2015
    • SA vs the World
    • Budget Day Page (24 Feb 2016)
  • Stock in Focus
    • JSE ALSI Chart
    • Sector Comparison Page
    • JSE-Calendar-Tracker-2019
    • Adcorp (ADR)
    • Amazon (AMZN)
    • Apple (AAPL)
    • Ascendis (ASC)
    • AVI (AVI)
    • Bidvest (BVT)
    • Blue Label Telecoms (BLU)
    • Bowler Metcalf (BCF)
    • Capitec (CPI)
    • City Lodge Hotel Group
    • Clicks Group (CLS)
    • Coronation (CML)
    • Curro Holdings (COH)
    • Discovery (DSY)
    • Distell (DST)
    • EOH (EOH)
    • Famous Brands (FBR)
    • Ferrari (RACE)
    • FirstRand Group (FSR)
    • Grindrod (GND)
    • GrowthPoint (GRT)
    • Holdsport (HSP)
    • Harley-Davidson (HOG)
    • Hyprop (HYP)
    • Hyprop (HYP)_1Jun2016
    • Investec Property Fund (IPF)
    • JSE (JSE)
    • Massmart (MSM)
    • MediClinic (MEI)
    • MTN (MTN)
    • MTN (MTN)_May2016
    • Mr Price Group (MRP)
    • Mr Price Group (MRP)_8APR2016
    • Nedbank (NED)
    • OneLogix (OLG)
    • Peregrine Holdings (PGR)
    • Pick 'n Pay Stores (PIK)
    • Pioneer Foods (PFG)
    • PSG Group (PSG)
    • Quantum Foods (QFH)
    • RCL Foods (RCL)
    • Remgro (REM)
    • Richemont (CFR)
    • RMB Holdings (RMH)
    • Rolfes (RLF)
    • Sanlam (SLM)
    • Sasol (SOL)
    • Sasol (SOL)_18sep2016
    • Santova (SNV)
    • Spar Group (SPP)
    • Shoprite Holdings (SHP)
    • Spur Corporation (SUR)_7Sep2017
    • Standard Bank (SBK)
    • Steinhoff International Holdings (SNH)
    • Stor-Age (SSS)
    • Super Group (SPG)
    • Taste Holdings (TAS)_30May2016
    • The Foshini Group (TFG)
    • Value Logistics (VLE)
    • Vodacom (VOD)
    • Wilson Bayly Holmes Ovcon (WBO)
    • Woolworths (WHL)
    • Woolworths (WHL)_24Aug2017
    • Zeder (ZED)
  • Online Calculators
    • Rand Petrol Price Estimator
    • Share Valuation
    • Financial Ratios Calculator
    • GDP Growth Estimator
    • Future Value of Investment Calculator
    • Loan repayment calculator
  • Contact
  • About
  • Search