The stark lesson corporate SA Inc must take to heart as the once mighty behemoth Steinhoff International reaches its end of days is that corporate governance failures can be fatal.
Steinhoff announced this week that its shareholders had supported its proposal to dissolve and delist the company from the JSE and Frankfurt stock exchange.
The furniture retailer, which in 2017 was valued at $22 billion (R393bn), and ranked in the Top 40 most valuable public companies on the JSE, made headlines in 2017 for accounting fraud in what is said
