MICHAEL MARCHANT: Steinhoff: in the dark, still
Crucial reports which contain detailed information about how the fraud took place and who is responsible are still not publicly available
27 August 2020 - 05:00
Nearly three years after Steinhoff’s finances were exposed as a sham and the company lost nearly all its value overnight, it is offering shareholders and former partners a settlement agreement.
Facing legal claims for over R130bn, Steinhoff’s management is proposing a R16bn settlement, payable in a mixture of cash and Pepkor shares...
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