Streaming issues? Report here
Refilwe Moloto 2019 1500 BW
Breakfast with Refilwe Moloto
06:00 - 09:00
volume_up
volume_mute

Up Next: Today with Kieno Kammies
See full line-up
Breakfast with Refilwe Moloto
06:00 - 09:00
Home
arrow_forward
Business

Steinhoff shares jump to a high

20 July 2018 7:46 AM
Tags:
Steinhoff scandal
Steinhoff parliamentary inquiry
Financial Mail Deputy Editor, Sikonathi Mantshantsha, looks at Steinhoff shares and Trevor Manuel's hard sell...

Steinhoff shares jumped to a high of R3,83 as funders were forced to agree to a debt standstill.

Last month, the company's shares hit a low of R1,07.

That's exactly what happens when you owe the banks R150 billion - time stops for them. They will wait for you...

Sikonathi Mantshantsha, Deputy Editor at FM (Financial Mail)

ALSO READ: Markus Jooste flaunts his wealth at the races

Mantshantsha spoke to Kieno Kammies saying it no-one was going to benefit if the embattled retailer, Steinhoff, collapsed or faced liquidation.

So the shares jumped to R3,83. Bond holders don't have a choice...

Sikonathi Mantshantsha, Deputy Editor at FM (Financial Mail)

Listen here to Mantshantsha explain why the land debate is making things difficult for Trevor Manuel...

Subscribe to our Business Wrap Newsletter


20 July 2018 7:46 AM
Tags:
Steinhoff scandal
Steinhoff parliamentary inquiry

More from Business

download-6jpg

SuzelleDIY on how to DIY money matters

27 January 2020 8:39 PM

She loves ''braaing, dinner parties and DIY...and to go out for a koffie with my best friend Marianne''.

Share this:
Read More arrow_forward

coat-and-hatjfif

Bruce is back from Davos and shares some final thoughts

27 January 2020 8:16 PM

"It was depressing to see how South Africa has fallen in global estimations". Bruce Whitfield wraps up his visit to WEF 2020.

Share this:
Read More arrow_forward

Hot-Stocks.jpg

Pick of the week: Stor-Age, Sabvest and Altron

27 January 2020 7:37 PM

We look at Property group Stor-Age, investment holding company Sabvest and infotech enterprise Altron

Share this:
Read More arrow_forward

181115land-committeegif

Major change proposed for land expropriation will sideline courts

27 January 2020 7:25 PM

A new amendment will cut out South African courts as the ‘decider’ on whether or not the state will pay for land it expropriates.

Share this:
Read More arrow_forward

20200126coronavirusjpg

The Coronavirus rattles stock markets - who is getting hit?

27 January 2020 6:42 PM

US stocks slide and oil tumbles in the wake of a coronavirus outbreak in China, causing fears of a slowdown in the Chinese economy.

Share this:
Read More arrow_forward

dagga-weed-marijuana-joint-smoke-smoking-123rf

California took in R9.2 billion in dagga taxes in 2019

27 January 2020 2:30 PM

The law compels the US state to use all tax revenue derived from dagga sales for public health and safety, and the environment.

Share this:
Read More arrow_forward

Bongisizwe Mpondo

Prasa is broken. It won't be an overnight fix, says new administrator

27 January 2020 11:01 AM

Newly appointed administrator Bongisizwe Mpondo shares how he plans to resolve what he calls "self-inflicted challenges" at Prasa.

Share this:
Read More arrow_forward

girlchild-daughter-parents-shout-argue-fight-family-trauma-domestic-dispute123rf

Divorce: tips and tricks to get your fair share

27 January 2020 10:25 AM

Tips (never get married in community of property) and tricks (Want nothing? Put in R1 per year for spousal support anyway.).

Share this:
Read More arrow_forward

Donald Trump Greta Thunberg World Economic Forum Davos

The 50th annual World Economic Forum is about to end. It’s been a weird one

24 January 2020 1:18 PM

SA missing in action. Trump vs Thunberg. Stakeholder capitalism. A wrap of our coverage of this year’s World Economic Forum.

Share this:
Read More arrow_forward

bruce-whitfield-and-richard-questpng

Your entire economy was hijacked! How many are in prison? – Richard Quest, CNN

24 January 2020 10:47 AM

The Money Show’s Bruce Whitfield conducts a shocking interview with CNN’s Richard Quest at the World Economic Forum in Davos.

Share this:
Read More arrow_forward