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JUDITH FEBRUARY: Inside the arms deal and the insidious creep of state capture
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Why Naidoo s Lancaster 101 is taking Reserve Bank to court over Steinhoff assets
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Why Naidoo s Lancaster 101 is taking Reserve Bank to court over Steinhoff assets
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Former Tekkie Town execs call for the liquidation of Steinhoff
The settlement proposal is ânot something that I would encourage my friends, children, or family to signâ: Bernard Mostert â former CEO, Tekkie Town. 20:25
NOMPU SIZIBA: The former owners of footwear chain Tekkie Town have launched a new legal bid against Steinhoff. They’ve launched an urgent application in the Western Cape High Court to liquidate Steinhoff.
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Just four weeks into the new year and the Steinhoff share price has already almost doubled.
It is the strongest and most sustained run in the share price since the groupâs implosion a little over three years ago; an implosion that saw the share price plunge from around R56 in late November 2017 to a mere R5 a month later.
Steinhoff over three years
It will be of little comfort to those who suffered in the R200 billion-plus value wipeout to know that the current R2.10 is the strongest itâs been since early 2019. In January that year it edged above R2, but only briefly.