In 2016, the PIC funded Jayendra Naidoo’s company Lancaster to buy shares in Steinhoff. The loan was for R9.4 billion to buy a 2.75% stake in the company.
Since Steinhoff’s troubles, the shares are trading at below R2 a share compared to the R98 per share at the time of purchase. Within a year of PIC’s participation in the Lancaster 101 transaction, the share price of Steinhoff began to decline.
And ..... that other company ...
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
PIC Inquiry: Former deputy finance minister Jabu Moleketi rails against Bantu Holomisa allegationsFormer deputy finance minister Jabu Moleketi and his colleagues on Tuesday rejected UDM leader Bantu Holomisa’s claims that their businesses have received questionable funds from the PIC. gregnicolson My own reading of the cross exam of the Hon General Holomisa, i think he may have done himself good. He has been accused & it appears HFM does not want to be cross-examined. This is strange & they are hidi g behind technical formalities. Lets wait for the Judge to decide.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »
Political formations interfered in botched Sagarmatha deal, says PIC company secretaryBongani Mathebula says an attachment alleged to be from Kopano ke Matla endorsing the deal was sent to her from Iqbal Survé’s e-mail address
La source: BDliveSA - 🏆 12. / 63 Lire la suite »