Christmas came early for Steinhoff’s former nonexecutive directors. Four years and a week after the release of the "irregular accounting" statement that shook the SA investment community and dominated business headlines for much of the following 48 months, the slight chance of any of them being held to account in a court of law faded almost completely.

The December 15 news that Steinhoff had brought the last of the creditors/shareholders into its settlement deal must have sparked huge celebrations among the former directors...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now