South Africa: insolvencies 2019-2021

As of August 2021, the seasonally adjusted insolvencies measured on a monthly basis in South Africa was -15.5%. Seasonal adjustment is a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends, whereas non-seasonally-adjusted reflects the actual current data.

Percentage change of seasonally adjusted insolvencies in South Africa from 2019-2021

Characteristic	2019	2020	2021
December	-22	9.1	-
November	1.1	67.4	-
October	3.9	-5.3	-
September	-8.3	28.8	-
August	-10.9	29.7	-15.5
July	26.3	-20.9	-16.2
June	14.9	130	59.6
May	-3.2	316.7	60.4
April	-7.9	-93.5	2.8
March	1.7	-20.6	20
February	11.8	-2.5	-43.4
January	-15.5	14.4	-39.5

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Release date

March 2023

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Region

South Africa

Survey time period

2018 to 2021

Supplementary notes

Seasonal adjustment is a method used in statistics to remove the seasonal component of a time series that is used when analyzing non-seasonal trends.

Values from September 2021 onwards are missing due to a computer hack detailed below:

Important Notice: Release P0043 currently publishes both Liquidations and Insolvencies. The Department of Justice and Constitutional Development (DOJ & CD), the main supplier of statistics on Insolvencies, experienced a computer hack in September 2021 and has since not been able to supply Insolvencies data to Statistics South Africa (Stats SA).

Subsequently, Stats SA has decided to split the release P0043 into two releases with effect from April 2023 onwards, namely:
P0043.1 Statistics of liquidations; and
P0043.2 Statistics of insolvencies

The P0043.2 release will remain inactive until the computer hack at the Department of Justice and Constitutional Development is resolved.

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