21
Dec
In the third quarter of 2023, there was a notable decline in company registrations, indicating a potential slowdown in future economic activity. The year-on-year and quarter-on-quarter registration of new businesses both decreased. The overall number of new business registrations, a key gauge of business confidence, saw a substantial 17.6 percent year-on-year decrease. The decline was more pronounced in the close corporation category, which fell by 19.1 percent, while private companies (Pty) Ltd experienced a marginal 4.2 percent decrease over the same period. Quarter-on-quarter, the total registrations of new businesses dropped by 15.7 percent in the third quarter. During the same…