Steinhoff plummets after court sets January date

Steinhoff shares plunged the most in more than a month after the retailer said its settlement case would be heard by a Cape Town court only in January, in a blow to its plans to speedily wrap up all litigation against it and ensure survival.

The stock plummeted 14% to R2.40 on Thursday, the biggest drop since it slumped 22% on September 6...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.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hawks says probe Mabuyane wants to stop has already been completedThe Eastern Cape premier has asked the high court for an order setting aside the decision to launch an investigation into graft allegations against him. Artii_M Yho Artii_M 😂😂😂 It's a warrant of arrest he's trying to stop😂😂🤣
Source: TheCitizen_News - 🏆 6. / 75 Read more »

‘The truth remains, I’m single’ — Thuli Phongolo denies dating DJ MaphorisaThuli Phongolo slams dating rumours.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Injury crisis means Kaizer Chiefs could look for a January striker'A signing is very possible in January, but it must be part of a strategy,' said Chiefs head coach Stuart Baxter. They don't need striker. They need to tell the truth about the state of their team. I'm happy to join those who are sharing the good news about shantelll_142 . I'm not persuading anyone to trade with her but i advise every investor to make the right choice with shantelll_142 i got my withdrawal safely without any interruption.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

UN court sides with Somalia in sea border dispute with KenyaKenya revoked its recognition of the International Court of Justice’s jurisdiction last week, but the court says this will not affect the ruling
Source: BDliveSA - 🏆 12. / 63 Read more »

Oh la la! Minnie Dlamini serves up some heat with a saucy, sexy snapMinnie Dlamini-Jones sets tongues wagging with her latest sexy snap
Source: TimesLIVE - 🏆 28. / 59 Read more »

Bonnie Mbuli bags another international role in 'Wallander'Bonnie Mbuli also talks about nerves on set and being worthy of being in the room.
Source: TheCitizen_News - 🏆 6. / 75 Read more »