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Fewer Civil Summonses for Debt

| News by Staff Reporter

According to data released by Statistics South Africa on Thursday

The number of civil summonses for debt fell more than 20% in June 2011 compared to the same month in 2010, according to Statistics South Africa (Stats SA).

The statistics firm said in a publication released today (Thursday 18 August) that “A year-on-year decrease of 21,0% was recorded in June 2011.”

It said a decrease of 24,7% in the total number of civil summonses issued for debt was recorded in the second quarter of 2011 compared with the corresponding period in 2010.

The largest contributor to the quarterly drop was the ‘money lent’ category, with reflected a 9,5% decrease, as well as the ‘goods sold’ category, reflecting a 5,2% decline.

The figure for civil summonses for debt in June fell 27,3% year-on-year, while the number dropped 28% year-on-year in the second quarter of 2011.

“There was a 17,9% decrease in the total value of civil judgements recorded for debt for the second quarter of 2011 compared with the second quarter of 2010,” added Stats SA.

“A year-on-year decrease of 17,8% was recorded in June 2011.”

Source: www.bizpremises.co.za