Number of civil summonses for debt decreased 11% year-on-year in May

The number of civil summonses issued for debt decreased by 5‚5% in the three months ended May 2015 compared with the three months ended May 2014‚ while a year-on-year decrease of 11% was recorded between May 2014 and May 2015‚ according to Stats SA.

The largest negative contributions to the 5‚5% decrease were civil summonses relating to: services (contributing -2‚9 percentage points); promissory notes (contributing -1‚3 percentage points); and rent (contributing -1‚2 percentage points).

The total number of civil judgements recorded for debt decreased by 4‚1% in the three months ended May 2015 compared with the three months ended May 2014. A decrease of 7‚2% was recorded between May 2014 and May 2015.

The largest negative contributions to the 4‚1% decrease were civil judgements relating to: services (contributing -3‚1 percentage points); other debts (contributing -1‚3 percentage points); and goods sold (contributing -1‚0 percentage point).

The total value of civil judgements recorded for debt was 9% higher in the three months ended May 2015 compared with the three months ended May 2014. A year-on-year increase of 5‚3% was recorded in May 2015.

The largest positive contributions to the 9% increase were the value of judgements relating to: other debts (contributing 4‚5 percentage points); money lent (contributing 2‚3 percentage points); and services (contributing 1‚3 percentage points).

In May 2015‚ 24‚448 civil judgements for debt amounting to R362‚9-million were recorded. The largest contributors to the total value of judgements were: money lent (R107‚3-million or 29‚6%); other debts (R99‚4-million or 27‚4%); and services (R64-million or 17‚6%) .

RDM News Wire.