Bid to have Steinhoff liquidated in limbo as retailer asks for another postponement

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Judge Hayley Slingers is hearing the application to have Steinhoff liquidated.
Judge Hayley Slingers is hearing the application to have Steinhoff liquidated.
Jaco Marais/Netwerk24

A bid to have the Western Cape High Court hear an application to liquidate retailer Steinhoff is still stuck in a kind of legal stasis after the retailer again asked the court to postpone the start of hearings pending the outcome of an appeal.

The liquidation application, which is being brought by the former owners of shoe retailer Tekkie Town, was meant to start in early September. But the court has not yet got into the merits of the case due to delays caused by a series of applications for appeal, postponement and intervention.

The one-time owners of the shoe retailer have accused Steinhoff's former CEO Markus Jooste of "duping" them into swapping their Tekkie Town shares for stock in Steinhoff, which has fallen precipitously in value since late 2017. 

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