Government would have us believe unemployment is dropping, that TECHNICALLY we aren't in a recession. Snore.
The total number of liquidations recorded for February 2009 increased by 70.0% year-on-year (y/y) to 391 after a 68.8% increase in January, data released by Statistics South Africa shows.
The total number of liquidations recorded for the two months ended February 2009 increased by 69.5% (from 390 to 661) compared with the two months ended February 2008.
The 69.5% increase in the total number of liquidations for the two months ended February 2009 was due to increases of 81.8% in compulsory liquidations (from 44 to 80) and 67.9% in voluntary liquidations (from 346 to 581), the data showed.
Read the Stats SA report
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