Lancaster, PIC bought into Steinhoff just before the crash

PUBLISHED: Wed, 14 Aug 2019 16:29:38 GMT


Former trade unionist turned businessman Jayendra Naidoo was the last to give testimony at the PIC commission of inquiry. His company, Lancaster Group, bought into Steinhoff in 2016 with the help of the PIC, their joint investment totalling nearly R9.4 billion. CNBC Africa’s Kopano Gumbi filed this report.

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