Cape Town - On Tuesday evening news broke that Steinhoff International's CEO Markus Jooste had abruptly resigned, and the firm had launched an internal probe into unspecified "accounting irregularities".
The Amsterdam-registered global retailer subsequently lost over 80% of its market capitalisation, wiping over R100bn off the JSE.
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Luzuko Chiya said he doubts that Steinhoff will recover
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