Not a 'true reflection'

Microlenders shutting shop a month before the National Credit Act came into force saw fewer overall liquidations in May this year than last year despite the worsening economic climate. Luke Doig, senior economist at Credit Guarantee, said Statistics SA's liquidation data released yesterday which reported a nearly three percent drop in total liquidations for May year-on-year did not reflect what business was seeing. - Robert Laing

Microlenders shutting shop a month before the National Credit Act came into force saw fewer overall liquidations in May this year than last year despite the worsening economic climate. Luke Doig, senior economist at Credit Guarantee, said Statistics SA's liquidation data released yesterday which reported a nearly three percent drop in total liquidations for May year-on-year did not reflect what business was seeing. - Robert Laing

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