Steinhoff International forked out more than R1.2bn in advisory fees in only six months as it tried to restructure a business wounded by "accounting irregularities", its half-year results revealed on Friday.

The global retailer, once the seventh-largest company on the JSE, reported a loss for the half-year to end-March of €571m (nearly R9bn) - still narrower than the restated loss of €609m a year earlier.

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