Peter Armitage on why there’s no value left in Steinhoff

PUBLISHED: Thu, 09 May 2019 16:05:42 GMT


Steinhoff’s share price tumbled over 20 per cent after its financial results for 2017 revealed that the company’s legal troubles could pose long term threats to the future of the company. This has shed doubt on its ability to continue as a going concern as legal related troubles continue to pile on, and insurmountable debt. Peter Armitage, CEO, Anchor Capital.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.