The original article can be found here.
Article highlights:
- The Public Investment Corporation (PIC) welcomed the decision of the Western Cape High Court to approve Steinhoff International Holdings Proprietary Limited’s proposed global settlement.
- The more than R24 billion settlement aims to pay out claimants who suffered when the company lost its value as a result of alleged accounting irregularities.
- The PIC believes the settlement agreement is a positive step for those invested in Steinhoff.
