Successful Steinhoff claimants to start receiving payouts soon
Claims still need to be verified by the Stichting Steinhoff Recovery Foundation
08 May 2023 - 19:20
Investors who suffered losses due to the fraud that caused Steinhoff's share price to drop by more than 90% in 2017, and have submitted successful claims, will receive their payments from May 10.
The retail holding company reached a R24bn cash and Pepkor share settlement in January 2022 with local and European claimants who had filed legal claims exceeding R180bn, arguing they were misled into overpaying for the stock...
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.