This week, furniture retailer Steinhoff will effectively stop trading on the JSE after a 25-year tenure in which its share price soared from R4 to R95, before plunging to 5c today. A R100,000 investment back in 1998 would have grown to R2.37m, before cratering to R1,250.

Clearly, not a share to buy for the grandchildren. ..

This article is free to read if you sign up or sign in.

If you have already registered or subscribed, please sign in to continue.

Questions or problems? Email or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.