Tag: louis du preez
Global retailer Steinhoff saw its share price soar after its Chief Executive Officer, Louis du Preez presented its restructuring plan. He warned that total debt of over 9 billion euros is “too high” and needs to be urgently addressed. He joins CNBC Africa for more.
Louis du Preez, Steinhoff‘s commercial director, will take over as the CEO of Steinhoff. Du Preez will be taking over from Daniel van der Merwe the current CEO who will step down by the end of December. Joining CNBC Africa for more on what this could mean is James Brent Steyn, Author of Steinhoff: Inside SA’s Biggest Corporate Crash.