Steinhoff: Inside SA's Biggest Ever Corporate Crash
Publish date: 30 July 2018
Issue Number: 784
Diary: IBA Legalbrief Africa
Category: General
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.
