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SCORPIO: SARB freezes billions in Steinhoff accounts — but you wouldn’t notice in company financial statements

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SARB freezes billions in Steinhoff accounts — but you wouldn’t notice in company financial statements. By PaulivW

De Klerk also did not answer questions about the impact the SARB order may have on these business operations.

 

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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.

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