Stellenbosch residents up in arms as alleged secrecy by...
Steinhoff, the international holdings company, is at the centre of a property dispute in Stellenbosch — its former headquarters before its unravelling in 2017 when the group’s share prices plunged 98% on the JSE after irregular accounting transactions came to the fore. The property, Sawmill, is a remnant of Steinhoff’s presence in Stellenbosch — now holding only two properties and a small corporate office — as the corporate group has been closely associated with the town for years. Besides the group’s headquarters being situated in the town before the scandal, Steinhoff had also s...
Source: dailymaverick.co.za