Fin24 published this article indicating the rise in the number of liquidations.

“The 69.5% increase in the total number of liquidations for the two months ended February 2009 was due to increases of 81.8% in compulsory liquidations (from 44 to 80) and 67.9% in voluntary liquidations (from 346 to 581), the data showed. “

The liquidation of companies will mean that the amount of job opportunities will decrease, leading to an increase in the number of people with no income to support their families. With the increase in the living costs that we have been experiencing, we will see more people that will have no choice but to rely on government social grants.

As we already know, when people struggle to survive, they eventually turn to crime to support their livelihood. In South Africa where crime is already at alarming levels, this is hardly something we can afford. As we believe that the “world financial crisis” has not yet struck the bottom of the pit, we can expect much worse situations in the near future. The number of jobless will increase, people will struggle even more to survive, crime will rise until it reaches a point where the “hungry” people had enough, and rise up in a revolution in an effort to free themselves from this situation.

This view might be a very cynical view, but over the course of history we have seen this happen many times over. If there is one thing that we can be sure about, it will be that we cannot be sure about anything.