Shareholders forced to the back of the queue and, bar a token settlement, will walk away with nothing …Contractors say it is unconstitutional, irrational, and will lead to ‘obvious and avoidable’ disadvantages for potential tenderers.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Steinhoff limps off the market, here’s who made billionsIt appears increasingly probable (in case it wasn’t obvious in December already) that shareholders in Steinhoff International will walk away with nothing … Moneyweb Fraud
Source: Moneyweb - 🏆 5. / 77 Read more »
SCORPIO: SARB freezes billions in Steinhoff accounts — but you wouldn’t notice in company financial statementsThe South African Reserve Bank froze the funds in five accounts linked to Steinhoff’s local operations – said to hold a cumulative value of about R5.5bn. The Reserve Bank’s intervention is sure to tie a knot in operations but has not been declared in so many words in Steinhoff’s latest annual financial statements. Some chutzpah for a company previously found to have misrepresented its financial statements. 2/ The latest Scorpio investigation has found that the Reserve Bank froze the funds in five accounts linked to Steinhoff’s local operations – said to hold a cumulative value of about R5.5bn.
Source: dailymaverick - 🏆 3. / 84 Read more »
South Africa: Sarb Freezes Billions in Steinhoff Accounts - But You Wouldn't Notice in Company Financial StatementsAnalysis - The South African Reserve Bank froze the funds in five accounts linked to Steinhoff's local operations - said to hold a cumulative value of about R5.5bn. The Reserve Bank's intervention is sure to tie a knot in operations but has not been declared in so many words in Steinhoff's latest annual financial statements. Some chutzpah for a company previously found to have misrepresented its financial statements.
Source: allafrica - 🏆 1. / 99 Read more »