Senegal vs South Africa: Closing a business, recovery rate
Closing a business, recovery rate over time
- Senegal
- South Africa
How they compare
South Africa currently reports 35.4 cents on the dollar against 32 cents on the dollar in Senegal, a difference of 3.4 cents on the dollar.
That makes South Africa's figure about 1.1 times Senegal's.
Across all 10 years both countries report, South Africa has been ahead every year.
Senegal ranks 14th and South Africa ranks 11th of 46 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Senegal | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.01 cents on the dollar | 32.63 cents on the dollar | 8.61 cents on the dollar | South Africa |
| 2010s | 32 cents on the dollar | 35 cents on the dollar | 3 cents on the dollar | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher closing a business, recovery rate, Senegal or South Africa?
- South Africa, at 35.4 cents on the dollar against 32 cents on the dollar in Senegal as of 2012.
- What is the difference in closing a business, recovery rate between Senegal and South Africa?
- 3.4 cents on the dollar, with South Africa ahead.
- How many years of comparable data are there for Senegal and South Africa?
- 10 years are reported by both, from 2003 to 2012.
- How do Senegal and South Africa rank globally for closing a business, recovery rate?
- Senegal ranks 14th and South Africa ranks 11th of 46 countries.
- Where does this data come from?
- World Bank, Doing Business project (http://www.doingbusiness.org/), published as Closing a business, recovery rate (cents on the dollar). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The recovery rate is recorded as cents on the dollar recouped by creditors through the bankruptcy or insolvency proceedings. The calculation takes into account whether the business emerges from the proceedings as a going concern as well as costs and the loss in value due to the time spent closing down. If the business keeps operating, no value is lost on the initial claim, set at 100 cents on the dollar. If it does not, the initial 100 cents on the dollar are reduced to 70 cents on the dollar. Then the official costs of the insolvency procedure are deducted (1 cent for each percentage of the initial value). Finally, the value lost as a result of the time the money remains tied up in insolvency proceedings is taken into account, including the loss of value due to depreciation of the hotel furniture. Consistent with international accounting practice, the depreciation rate for furniture is taken to be 20%. The furniture is assumed to account for a quarter of the total value of assets. The recovery rate is the present value of the remaining proceeds, based on end-2006 lending rates from the International Monetary Fund’s International Financial Statistics, supplemented with data from central banks. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.