"I'm skeptical on Steinhoff but I'm optimistic on South Africa" - Tekkie Town's Bernard Mostert

Posted on 07/20/2021

Tekkie Town's Bernard Mostert discusses the Steinhoff settlement saga with BizNews founder Alec Hogg and veteran analyst David Shapiro. On Friday, Steinhoff announced it would be increasing its settlement offer to shareholders in light of better trading conditions across the business. Mostert and his partner Braam Van Huyssteen are fighting tooth and nail to recover their business which was exchanged for Steinhoff shares in 2016. The business was valued at over R3bn at the time of acquisition by Steinhoff. - Justin Rowe-Roberts