On Thursday Steinhoff Africa Retail (Star) moved to allay investors’ concerns following a number of worrying developments at its Speciality Fashion and Footwear division. Business Day reported that this all began with the resignation of the division’s CEO, Bernard Mostert, and other senior executives on Monday. In a Sens statement on Thursday, Star said contingency plans were in place to ensure operations continued at full capacity. Business Day journalist Warren Thompson joined Business Day TV in the studio to provide some more details on this fascinating story.

OR LISTEN TO THE AUDIO:..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.