Steinhoff: It’s just about settled then (for some)

The Steinhoff group can tick off another box on its list of things to do to put the havoc of the last few years behind it. On Monday the Western Cape High Court approved and sanctioned Steinhoff’s Section 155 settlement process, after the group recently reached agreements with the last of several groups claiming damages following the accounting scandal in 2017.

and SIHPL have undertaken preparations for the co-ordination of the steps required and will separately contact those counterparties who need to take any action . “No actions are currently required by any party prior to the settlement effective date, unless specifically requested by Steinhoff and/or its advisers,” says Steinhoff.

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