STAR board changes: Wendy Luhabe joins as independent non-exec director
Wendy Luhabe has been appointed as an independent non-executive director of the board of STAR, with effect from 1 January 2019.
Wendy Luhabe has been appointed as an independent non-executive director of the board of STAR, with effect from 1 January 2019.
PricewaterhouseCoopers has been appointed as Steinhoff Africa Retail’s external auditor, effective 23 May 2018, replacing Deloitte.
The recent listing of Steinhoff’s African interests (appropriately abbreviated to STAR) introduced the continental equivalent of mega-retailer Walmart to the investing market.
STAR, the latest chapter in Pepkor’s story, is a diversified, multi-format retailer of significant size and scale, which has the largest retail footprint in Africa.
Steinhoff insiders couldn’t resist taking advantage of the emotion-driven price slump. Neither should you.
Steinhoff Africa Retail is seeking to raise as much as R18.4bn ($1.4bn) in a sale of stock this month, the largest by a South African company in almost two years.