The original article can be found here
Article Highlights:
- The former CEO of Tekkie Town is opposing Steinhoff’s application to have its R25-billion settlement proposal made binding.
- Bernard Mostert has said he and colleagues were “duped” by Steinhoff’s ex-CEO Markus Jooste into swapping their shares in the footwear chain for stock in Steinhoff.
- Steinhoff says an “overwhelming majority” of claimants have supported its settlement which needs to be approved by courts in South Africa and the Netherlands before payouts begin.
