EXCLUSIVE | SARB being sued over Steinhoff, posing a threat to the retailer's multi-billion 'global settlement'

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The Reserve Bank's headquarters in Pretoria’s CBD.
The Reserve Bank's headquarters in Pretoria’s CBD.
Alet Pretorius

The South African Reserve Bank (SARB) is being sued for allegedly enabling Steinhoff to move assets worth €19 billion overseas while the group was technically insolvent – and allowing its local entities to settle claims by foreign investors "to the detriment of the South African economy".

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