About 14 months after it first told the market of its proposal to settle most of the legal claims against it, Steinhoff has finally been given the green light to press on to what it hopes is the final phase of its €1.42bn (about R24bn) offer to claimants.

On Friday the company said all its claimants, in all four meetings held in terms of the proposal, had voted in favour of the deal. The question now is whether the worst is finally behind the group...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now