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Byline: MARIAM ISA
Interest rate cut may slow company failures Economics Editor COMPANY failures soared 70% last month compared to the same month last year, official data showed yesterday, backing the case for aggressive cuts in interest rates as the economy contracts.
It was the third month in a row in which corporate liquidations rose by that order of magnitude. They leapt 69% in January and 68% in December compared with the same months the previous year, according to Statistics SA.
It's what you would expect given the downswing in SA's economy, said Citadel chief economist Dave Mohr.
I would expect liquidations to increase further as we …