South African business insolvencies are expected to stabilise in 2026 before increasing modestly in 2027, within a global environment in which the Middle East conflict is affecting energy markets, inflation, financial conditions, and business confidence, according to Allianz Trade’s latest Insolvency Report.
The trade credit insurer forecasts local insolvencies will move from 1 534 cases in 2025 to 1 540 in 2026 and 1 590 in 2027, reflecting a stabilisation after several years of decline. Insolvencies fell from 1 657 cases in 2023 to 1 551 in 2024 and then 1 534 in 2025.
Allianz also noted that 2025 insolvency levels were about 18% below the country’s 10-year average and roughly 40% below the 20-year average, placing South Africa…