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Tekkie Town's Bernard Mostert: Explaining settlement that delighted Steinhoff shareholders (and doubled the share price)

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After four years of litigation, the former owners of Tekkie Town have reached a R1.2bn deal with Steinhoff, opening the way to a credible future for the massively defrauded business. Three weeks ago, before talks between the parties began, Steinhoff shares traded at 180c. Since news of the deal broke on Wednesday, the price has rocketed to 330c. Tens of thousands of retail investors and big creditors like billionaire Christo Wiese, had a vested interest in the outcome of discussions that removes the major threat to a hard-fought settlement deal. In this fascinating podcast, Tekkie Town's former CEO explains the why's, what's and when's in conversation with BizNews founder Alec Hogg. Learn more about your ad choices. Visit megaphone.fm/adchoices

17 Dec 2021 4AM English South Africa Investing · Business News

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