STEINHOFF: INSIDE SA’S BIGGEST CORPORATE CRASH
James-Brent Styan, financial writer, author and media consultant
On 5 December 2017 the Steinhoff group was worth R199 billion. Twenty-four hours later more than R160 billion of this fortune was wiped out. The Steinhoff Empire, which had taken twenty years to build into an international business giant, had crumbled overnight. What happened? Who was in the know? What is Steinhoff? What role did the ‘Stellenbosch mafia’ play? Where did business tycoon Christo Wiese, Shoprite and Pepkor fit in, and where is the pensioners’ money?
Well-known financial writer James-Brent Styan unpacks these and other questions as he reveals the research that went into his book on the biggest financial breakdown in the history of South Africa.
Styan, J.B. 2018. Steinhoff: Inside SA’s Biggest Corporate Crash. Johannesburg: LAPA Publishers.