Steinhoff shares sink as legal claims top R170bn
01 July 2020 - 08:19
UPDATED 01 July 2020 - 19:43
After untangling a web of fraudulent transactions, Steinhoff is bracing for more pain as it tallies legal claims that have topped a whopping R170bn.
Steinhoff uncovered a €6.4bn (about R120bn) hole in its accounts in 2017, triggering a share price collapse and multiple lawsuits from former business partners and aggrieved shareholders that include former chair Christo Wiese...
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