Since the start of lockdown, the CIPC has received more than 450,000 applications from companies.
CIPC receives business rescue papers from SAACIPC commissioner Rory Voller said the essential services certificates have basically taken over the life of the organisation.
"We have a massive amount of applications. Wholesale and retail is by far the largest we've seen," he said."Second to that is manufacturing, transportation and logistics is another one. We are going to see an additional increase in May.""Sole properties have difficulty getting certificates from us because that's not our mandate of the CIPC," Voller said.
The CIPC predicts many more companies will file for business rescue in the coming weeks as there is no clear indication when they will be able to operate at full capacity again.
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