“Destabilised” Steinhoff exposes its warts and the market is worried
Steinhoff’s share price dropped 21% from late afternoon Monday. The market was right on Ramaphosa. It’s probably right on this one too.
Steinhoff’s share price dropped 21% from late afternoon Monday. The market was right on Ramaphosa. It’s probably right on this one too.
Steinhoff has informed shareholders that accounting irregularities go back further than the 2017 financial statements. Therefore, the 2016 financials should be disregarded.