Steinhoff's Wiese open to negotiations over R59 bln claim - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Steinhoff's Wiese open to negotiations over R59 bln claim via SABCNewsOnline

Wiese says the company does not have that kind of money and the only way forward is for all the stakeholders to sit around the table and reconstruct the company.

He said on Friday that an independent report had found it had overstated profits over several years in billions of accounting fraud involving a small group of top executives and outsiders.

 

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