According to Statistics South Africa (Stats SA) the total number of civil summonses issued for debt increased by 0.3 percent in the three months ended November 2013 compared with the three months ended November 2012.
In Nov 2013, 66 603 civil summonses for debt were issued, 32 377 civil judgements for debt recorded and R438.2m value of civil judgements for debt were recorded.
A 6.5 percent decrease was recorded between November 2012 and November 2013.
Stats SA notes that the main categories that contributed to the 0.3 percent increase were services (contributing 3.2 percentage points) and rent (contributing 0.7 of a percentage point).
Meanwhile, the total number of civil judgements recorded for debt decreased by 7.8 percent in the three months ended November 2013 with a decrease of 9.3 percent recorded year-on-year (y/y) in November 2013.
The main categories that influenced the 7.8 percent decrease were civil judgements relating to money lent (contributing -6.2 percentage points), goods sold (contributing -2.6 percentage points) and promissory notes (contributing -2.1 percentage points).
According to data, the total value of civil judgements recorded for debt was 2.1 percent higher in the three months ended November 2013 compared with the three months ended November 2012.
A y/y increase of 7.7 percent was recorded in November 2013 and the main category that contributed to the 2.1 percent increase was ‘other’ debts (contributing 4.3 percentage points)
In November 2013, 32 377 civil judgements for debt amounting to R438.2 million were recorded and the largest contributors to the total value of judgements were ‘other’ debts (R137.8 million or 31.4 percent), money lent (R110.9 million or 25.3 percent) and services (R73.2 million or 16.7 percent). – Denise Mhlanga
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