Now Steinhoff turns its focus to multibillion-rand lawsuits
Christo Wiese’s claim is for about R59bn and group faces a class-action claim from Dutch group VEB
14 August 2019 - 05:10
After months of work untangling years of fraudulent transactions, Steinhoff has turned its focus to multibillion-rand lawsuits triggered by the scandal that threatens the survival of the global retail group.
Steinhoff uncovered a €6.5bn (about R110bn) hole in its accounts in 2017, causing a share collapse and multiple lawsuits from former business partners and aggrieved shareholders that include former chair Christo Wiese...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.