In 2016, Steinhoff was ranked amongst the top 50 global shares to watch by Bloomberg. Prior to its collapse, Steinhoff was the world’s second-largest furniture company after IKEA. The Steinhoff Saga, involves the largest case of corporate fraud that South Africa has ever seen. It has made global news headlines since December 2017, when Steinhoff admitted to accounting irregularities and the company’s share price thereby plummeted.
What is however remarkable is that Steinhoff has managed to survive and is slowly putting its skeletons to rest by way of the suspension of payment proceedings in the Netherlands and Section 155 proceedings in South Africa. The panel* will discuss this singular case study and tell us why the house of cards did not come tumbling down. In fact recently on 15 December 2021, Steinhoff reached an important settlement with the Former Tekkie Town Owner Claimants, which is another positive milestone in the trajectory of the Steinhoff global settlement
*please note that the technical programme may be subject to change.
Webinar timings
8am EST
1pm GMT
2pm CET
9pm Singapore
Panel duration: 1 Hour
Cost: GBP 25.00 for Members and GBP 45.00 for Non-Members.