Total number of civil summonses in second quarter dives by 9.1%
August 22, 2008
The total number of civil summonses issued for debt for the second quarter of this year took a dive by 9.1 percent, compared with the second quarter of last year, Statistics SA said yesterday.
However, there was an increase of 7.8 percent between June last year and June this year, the first year-on-year increase recorded since April last year.
The civil service strike during June last year was partially responsible for the year-on-year increase of 7.8 percent, due to the low base effect.
The major contributors to the decrease in civil summonses between the second quarter of last year and the second quarter of this year were civil summonses issued in respect of money lent (minus 9.9 percentage points), other services (minus 2 percentage points) and goods sold on open account (minus 1.5 percentage points).
The two categories that counteracted the decrease of 9.1 percent were "other debts" (1.6 percentage points) and promissory notes and other acknowledgments of debt.
This category includes credit cards (1.4 percentage points).
Following the trend in the number of summonses issued for debt, the total number of civil judgments recorded for debt for the second quarter of this year decreased by 12 percent year on year.
Civil judgments in respect of money lent (minus 11.1 percentage points) and promissory notes and other acknowledgments of debt (minus 4.7 percentage points) were the main drivers behind the 12 percent decrease in the number of judgments.
The total value of civil judgments recorded for the second quarter of this year decreased by 9 percent, compared with the second quarter of last year.
The major contributors to this decrease were civil judgments in respect of money lent (minus 5.5 percentage points), "other debts" (minus 3.5 percentage points) and judgments recorded for promissory notes and other acknowledgments of debt (minus 2.9 percentage points).
During June this year, 57 306 civil judgments for debt, amounting to R546.4 million, were recorded.
The most significant contributors to the R546.4 million total were: civil judgments relating to money lent (R208.4 million); "other debts" (R93.2 million); goods sold on open account (R61.8 million); and promissory notes and other acknowledgments for debt (R60.4 million).
|
|
