Steinhoff settlement proposal is sensible, say industry experts

Thys du Toit, one of the founders of Coronation Fund Managers, is well-known for his stance on corruption in South Africa. He made headlines again recently with a video in which he pleads with President Cyril Ramaphosa to open up the economy for businesses that are struggling to stay afloat. In this piece, Du Toit joins BizNews editor-in-chief Alec Hogg and David Shapiro to discuss the latest proposal made by scandal-tainted Steinhoff this week. – Claire Badenhorst

On Monday 27 July, the Steinhoff group stated that it would offer R16,5 billion to resolve 90 separate claims against it, following the accounting fraud scandal which erupted in 2017. In his Rational Radio webinar held the same day, Alec Hogg asked SA's favorite stock market commentator, David Shapiro, to weigh in on the settlement proposal.

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