Our website use cookies to improve and personalize your experience and to display advertisements(if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We’ve updated our Privacy Policy. Please click on the button to check our Privacy Policy.

Week 29 :Summary of Civil Cases for Debt in South Africa (April 2024)


1. Civil Summonses: From February to April 2024, the number of civil summonses issued for debt decreased by 7.0% compared to the same period in 2023. This indicates fewer people were taken to court over debts during this period.

2. Civil Judgments: Despite the decrease in summonses, the number of civil judgments increased by 4.0%. More people were found guilty of owing money.

3. Judgment Values: The total value of these civil judgments went up by 7.3%, indicating larger amounts of money involved in these debts compared to the previous year.

4. Key Contributors to Summonses Changes: The biggest declines in summonses were for money lent and promissory notes, while other debts saw a slight increase.

5. Key Contributors to Judgments Changes: Services and rent significantly contributed to the increase in judgments. Money lent and promissory notes saw declines.

6. Types of Debts: Debts leading to summonses and judgments include goods sold on open account, installment sales, professional services, other services, rent, money lent, and promissory notes.

7.Economic Indicator: These statistics reflect the financial health and debt management trends in the country.


|

Leave a Reply

Your email address will not be published. Required fields are marked *