Slowdown in debt cases

2010-09-22 00:00

THE rate of increase in over-indebtedness in Pietermaritzburg slowed in July, but a surge in the number of civil cases for debt was recorded in Durban during that month.

According to Statistics South Africa, Durban saw a 12,5% year-on-year rise in civil cases for debt, while Pietermaritzburg recorded a 0,8% increase.

A total of 8 085 cases were recorded in Durban in July. Pietermaritzburg recorded 1 911 cases in July, down from 2 148 in June.

Statistics SA said the total number of civil judgments recorded for debt in July grew by 5,1% year on year, while the number of judgments for the three months ended July increased by 3,3% year on year.

KwaZulu-Natal has been hit by a surge in over-indebtedness as business enterprises and individuals across both cities continued to take strain in the recessionary environment in 2009 and 2010.

Nationally, civil judgments for promissory notes and other acknowledgements of debt were the main contributors.

(Civil judgments are decisions taken in a civil matter or a dispute between two parties, while civil summonses are notices to appear before the court of law where a dispute between two parties has to be heard (that is, not for a criminal offence).

Statistics SA said there was a 1,5% decrease in the total value of civil judgments recorded for debt in July.

“During July, 70 250 civil judgments for debt amounting to R651,1 million were recorded,” Statistics SA said.

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