Embattled South African international retail holding company, Steinhoff International, has withdrawn its sponsorship of the Springbok Men’s and Women’s, and SA Rugby Sevens Academy teams.
The Chairperson of the Standing Committee on Finance, Yunus Carrim has hit back at the DA Member of Parliament David Maynier for what he calls “political posturing.”
A group of South African investors want to join a Dutch class action suit against Steinhoff.
Retailer group Steinhoff International Holdings N.V. said on Thursday significant near-term liquidity was still required in some of its business units although it had has achieved some degree of stabilisation after revelations of accounting irregularities triggered a run on its shares in December.
Economist Iraj Abedian has described as tragic the fact that no one has been held responsible in both the political and business arenas for what he terms monumental damage to the economy.