Panic selling of Steinhoff International shares may resume on Thursday morning after the JSE decided not to halt trading in the shares.Steinhoff closed 61% lower at R17.61 on Wednesday with R5.4bn worth of shares traded.In Frankfurt, Steinhoff closed 62% lower at €1.14.The furniture retailer’s market capitalisation has lost two-thirds of its value this week, falling from R240.5bn on Friday to R76bn on Wednesday."The JSE has considered all the facts and information at its disposal and has decided not to suspend the listing Steinhoff International or halt trading of its shares in the South African market, as at this stage there are no compelling reasons to do so. It should be noted that Steinhoff shares also continue to trade in Frankfurt," the local bourse said in a statement on Wednesday after the market closed."Notwithstanding the company’s disclosures contained in its announcements, the JSE has requested the company and its sponsor for detail regarding ‘the accounting irregulariti...
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