Steinhoff, the global furniture manufacturer and retailer, has just a few more fights ahead of it before it can negotiate the terms of a settlement with shareholders affected by its disastrous “accounting irregularities”.
If all goes according to plan in SA and English courts the company should by the latter half of 2021 begin to conclude a settlement that will comprise cash and Pepkor shares for those affected by the steep plunge in its share price...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Jooste
Settling with shareholders instead of them going to jail? What about the billions the PIC lost or it only matters when its black companies or SOEs...Bloody white privilege