First Take SA

Hundreds of businesses forced to close


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At least 247 South African businesses have closed doors since January this year. This as the country's economy remains in turmoil. According to Stats SA, the total number of liquidations decreased by 14.8% year on year in February 2024. 138 businesses closed their doors in February; 124 did so voluntarily, while the remaining 14 did so on a mandatory basis. Now to unpack this Elvis Presslin spoke to Jo Mitchelle-Marais, a turnaround and restructuring leader at Deloitte

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