The retailer sold off its stake mid-2020 to raise funds to remain liquid and cut its ever-growing debt burden.
News of the settlement caused Steinhoff's share price to fall by 3% to 31 cents a share, near its all-time low. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business Business partners getting a payout before the SA public, must be nice. But people still on here complaining about the Guptas 👀
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