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Between January and August 2023, the finance, insurance, real estate, and business services industries registered the highest liquidations in South Africa, with a total of 376. As of 2022, 630 liquidations occurred in the sectors mentioned. This included both publicly traded companies and close corporations. Trade, catering, and accommodation followed, with 205 liquidation reports. On the other hand, the electricity, gas and water industry only reported one liquidation.