Steinhoff: Inside SA's Biggest Ever Corporate Crash

Steinhoff: Inside SA's Biggest Ever Corporate Crash

By James-Brent Styan

Lapa Uitgewers. R287

On 5 December 2017 the Steinhoff group was still worth R199bn. Twenty four hours later more than R160bn of this fortune was wiped out. The Steinhoff empire, which took 20 years to build into an international business giant, had crumbled overnight. This excerpt from Steinhoff: Inside SA's Biggest Ever Corporate Crash recounts events in the days leading up to the company’s collapse.