The cost of Steinhoff’s fallout bigger than SA’s platinum industry

PUBLISHED: Wed, 06 Dec 2017 16:35:10 GMT
Share

Steinhoff’s annus horribilis reached a climax on Wednesday when its CEO Markus Jooste resigned over alleged accounting irregularities. Its share price ended the day 61 per cent lower at R17.61.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.