Steinhoff: Inside SAs biggest corporate crash: James-Brent Styan

July 13, 2018 7:04 pm Published by Leave your thoughts

The collapse of retailer Steinhoff has been South Africa’s biggest corporate crash to date. It’s also been one of the most scandalous involving claims of fraud, racehorses and a mistress.
On the 5th of December last year the group was worth R193 billion.
Just 24 hours later 60 percent of that value had been wiped out.
Now the company is hardly a shadow of its former self.
Well, a new book looks at how the Steinhoff Empire which took 50 years to build, crumbled overnight. The Afrikaans version – Steinhoff en die Stellenbosse Boys – is already available and was the number 1 book in South Africa this week for all titles. It’s being sold as a gripping financial thriller, an astounding tale of power and greed, of secrets and deceit. The English Version – Steinhoff: Inside SAs biggest corporate crash – comes out towards the end of the month.
To discuss we’re joined by the author, James-Brent Styan.

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