Steinhoff has increased its global settlement offer by a further R3.21bn
Steinhoff International, which lost about R200bn plus in market value in SA’s worst corporate scandal in recent memory, has topped up its global settlement offer in its latest bid to secure its future.
The beleaguered global furniture retailer, whose future hangs in the balance, said on Wednesday it had increased its global settlement offer by a further R3.21bn. The existing settlement before the latest adjustment stood at€1.23bn or R21.48bn...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.
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