The Western Cape High Court has prevented Steinhoff and its subsidiary, Pepkor Holdings, from selling or dealing in the shares of shoe retailer Tekkie Town, in a ruling handed down on Tuesday.

The previous owners of Tekkie Town, led by founder Braam van Huyssteen approached the court for an interdict in April 2019 seeking to prevent Steinhoff and any of its subsidiaries from dealing in the shares of Tekkie Town until such a time as the litigation they had previously instituted to recover Tekkie Town is heard...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now