More South African investors join international litigation against Steinhoff


Over 100 000 Steinhoff shareholders have registered with the
International Steinhoff Litigation group.

According to a statement issued by Zain Lundell of LHL
Attorneys, which is leading the South African class action, more investors both
institutional and retail have registered with the international litigation.

The international litigation is a multi-jurisdictional
approach which includes Germany and the Netherlands. The hope is to get a
global solution all shareholders can benefit from.

The South Africa class action was filed against over 40
defendants including Steinhoff, Deloitte, Absa Bank, Standard Chartered Bank,
Commerzbank and PSG Capital, as well as current and ex-directors of Steinhoff
including former board chair Christo Wiese and former CEO Markus Jooste,…

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