A Cape Town court has rejected Steinhoff’s bid for an urgent hearing of its settlement proposal with local claimants, ratcheting up the pressure on the embattled retailer that faces a series of deadlines in its bid to remain afloat.

With four groups applying to join the legal action, the judge was unable to read all the legal arguments and ruled the matter was too complex to be heard in an urgent manner and struck it off the roll...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now