Click on the thumbnail for an enlarged view of the most recent liquidation statistics (March 2007).
After a surge towards the end of 2006 as a result of past interest rate increases, compulsory company liquidations dropped significantly to only 4 per month during the first three months of 2007 despite expectations of an increased level during 2007. With compulsory company liquidations serving as a lagging indicator of turnaround activity, it indicates that the turnaround management industry in South Africa is off to a slow start in 2007.
Read more at liquidation statistics.
This turnaround news flash was brought to you by CRS Turnaround - turnaround management consulting firm rescuing distressed companies and improving results of underperforming companies in South Africa.