Global insolvencies set to rise sharply, but South Africa shows signs of resilience
By Given Majola | Published Oct 17, 2024
When looking ahead, Allianz Trade forecasts a 5% downturn in insolvencies for South Africa in 2024 (approximately 1 500 cases), with this trend expected to remain stable into 2025 and 2026. Contrastingly, the global insolvency landscape shows a concerning picture, with predictions of increases in various regions, including 12% in the US by 2025 and a troubling 5% uptick in China.