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Data from Stats SA reveals that in November, 144 businesses ceased operating, bringing the total to over 1,500 companies that have closed in 2023. Stats SA indicated that out of the total, 131 businesses chose to close down voluntarily, while 13 were obliged to. This implies that since the beginning…

Following a challenging year, the electric scooter company, Bird, previously assessed at a value of $2.5 billion by investors, has declared Chapter 11 bankruptcy. In a press release, Bird confirmed that it had entered into a “financial restructuring process aimed at strengthening its balance sheet,” with the company continuing to operate…

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