Steinhoff: a R16.5bn bird in the hand

02 August 2020 - 00:04 By NICK WILSON

More than 2½ years since Steinhoff was engulfed in one of SA's biggest corporate scandals, the group wants to put its past behind it.

Steinhoff lost more than 90% of its value in December 2017 when Markus Jooste resigned as CEO amid accounting irregularities. This week the group proposed a R16.5bn settlement in an attempt to resolve most of its legal woes...

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