Court gives final approval to R24bn Steinhoff settlement

2022-01-24 01:00:00 PM

Court gives final approval to R24bn Steinhoff settlement

Court gives final approval to R24bn Steinhoff settlement

The ruling allows the controversy-mired conglomerate to put more than two years of legal wrangling, and R184bn in claims, behind it

Katharine ChildThe Cape Town high court approved the Steinhoff R24bn settlement on Monday morning, closing the chapter of litigation that once threatened to sink the controversial retail company.Cape Town high court judge Rosheni Allie found the settlement was “fair and equitable”, and the approval now makes it binding on all claimants against Steinhoff. ..

BPremiumThis 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.

Read more:
Business Day »

SAFM Market Update on Moneyweb

The latest SAFM Market Update on Moneyweb Read more >>

After the fall of Saudi Arabia & Turkey, Islam will rise again in the world through Pakistan. Under Imam Al-Mahdi Pakistan will progress in a short amount of time, and lead the revival for Muslims across the world. Could Muhammad Qasim be Imam Al-Mahdi? Thank you for the great review that we had the other day. You made it easier for me to understand crypto trade. earn 🙌 R75k$ with the help of MichaelWeldon_

Scrap metal industry players launch court bid to halt ‘double tax’The industry association is opposed to the price preference system being retained now that there is an export tax As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 . Few month ago I was struggling to fend for my self and my kids ,at my last bus stop I decided to give Bitcoin trading a try ,through the help of AMBREYMARCUS1 I was able to earn R250,000 in 2 weeks thank you so much Mr AMBREYMARCUS1 . I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her

Mogoeng’s choice: apologise or go to court on reviewMogoeng Mogoeng has no more avenues of appeal open to him under the Judicial Service Commission Act after an appellate panel of the Judicial Conduct Committee this week rejected his appeal. Like JESUS, let him 'choose' review. Boring

Mogoeng’s choice: apologise or go to court on reviewMogoeng Mogoeng has no more avenues of appeal open to him under the Judicial Service Commission Act after an appellate panel of the Judicial Conduct Committee this week rejected his appeal. Are they coming for Mogoeng now? 🤔 I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_thomas7 on Twitter She guides me through and i made a return of R15500 after a week of trading, connect with her Ntate Mogoeng Mogoeng never apologise. We are aware of what is happening in this country. This captured judicial system is really killing our country.

Apex court rules Boeremag family can keep their laptops in prison cellsJustice and correctional services minister Ronald Lamola and the department of correctional services have failed to convince the Constitutional Court to overturn a 2018 high court ruling granting three sentenced prisoners permission to keep their laptops in their cells for study purposes. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of AMBREYMARCUS1 . Testimonies are true, bitcoin is still paying and changing lives of many, 🇿🇦, I am a life testifier that, 🇿🇦 is 💯 legit. If you want to make money from trading.. if interested ASK Me How Bad ruling!

Limpopo businessman in court for alleged farm machinery fraudA Limpopo businessman has been hauled to court for alleged fraud involving farming equipment worth R121,000. I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Leticia_Thomas7 on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her Leticia_thomas7

Two-nil in high court against MTI liquidatorsTwo separate cases brought by Mirror Trading International members have gone against the liquidators, who want to interrogate the biggest winners as to how much they banked from the scheme.

24 January 2022 - 11:20 Katharine Child The Cape Town high court approved the Steinhoff R24bn settlement on Monday morning, closing the chapter of litigation that once threatened to sink the controversial retail company.23 January 2022 - 16:30 Bekezela Phakathi An association which represents businesses involved in the collection and processing of scrap metal has launched a court application to challenge the government’s decision to continue with regulations forcing industry players to sell at a discount locally while an export tax has been introduced.The former chief justice has 10 days to decide 23 January 2022 - 00:00 By Franny Rabkin Former chief justice Mogoeng Mogoeng has until February 3 to decide whether he will unconditionally apologise for becoming involved in political controversy or go to court to review the decision that he is guilty of misconduct.The former chief justice has 10 days to decide 23 January 2022 - 00:00 By Franny Rabkin Former chief justice Mogoeng Mogoeng has until February 3 to decide whether he will unconditionally apologise for becoming involved in political controversy or go to court to review the decision that he is guilty of misconduct.

Cape Town high court judge Rosheni Allie found the settlement was “fair and equitable”, and the approval now makes it binding on all claimants against Steinhoff. .... B Premium This article is reserved for our subscribers. B 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. This article is reserved for Sunday Times subscribers.

Already subscribed? Simply sign in below. Already subscribed? Simply sign in below. A subscription gives you full digital access to all Sunday Times content. .