In a deal that could herald the end of one of Deloitte’s messiest chapters in SA, the global big four audit firm, which is accused of having failed to detect accounting fraud at Steinhoff, has offered more than R1bn to help its former client settle claims related to the scandal.

Deloitte, as Steinhoff’s long-standing auditor, came under fire after it emerged there was a R110bn hole in the global retailer’s accounts in 2017, causing a share collapse and leading to lawsuits from former business partners and aggrieved shareholders, including former chair Christo Wiese...

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