Company failures, bankruptcies set to increase.

Byline: Mariam Isa

Company failures, bankruptcies set to increase COMPANY failures and personal bankruptcies have continued to soar at a shocking pace this year, providing grim evidence of the toll which soaring inflation and debt costs are taking on the economy.

Corporate liquidations leapt 17,6% last month versus the same month last year, taking the annual rise in the year to date to 11,5% the first increase for that period in six years, Statistics SA said yesterday Personal bankruptcies rocketed nearly 32% in June compared with the same month last year and soared more than 37% in the first half of the year, the data showed.

The figures are …