A collapse in the Steinhoff share price continued on Thursday, with the local bourse ending the day little changed after gains by Naspers and miners.Steinhoff plunged 43.21% to R10, with companies within Christo Wiese’s stable also under pressure. The global clothing and furniture retailer is facing allegations over accounting regularities, and its shares have dropped 82.08% this week.Banks and retailers tracked the weaker rand, while miners were lifted, also bolstered by better-than-expected mining data for October. Mining production increased 5.2% compared to the same month in 2016, compared with a consensus forecast of a 4.1% increase.Mining production figures on their own have very little impact on the Reserve Bank’s monetary policy decisions, and even if they did, the future path of interest rates remains murky given the many political and policy uncertainties facing the economy, said Nedbank Group Economic Unit analysts.The all share closed little changed at 58,013.2 points wh...
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