The Waking Crew 2.0

Catch Jarret and Deon for their early morning antics: 06:00 - 09:00

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The Coffee Break

Get that morning buzz you need, from 09:00 - 12:00

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The Hard Drive

with Karlien, for your lunch time entertainment 12:00 - 15:00

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The Headrush

End your busy day with Chops, 15:00 - 18:00

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Contact Us

Address: #28 and 30 Simpson Street, Windhoek West, Namibia
Tel: (061) 242350
Fax: (061) 242322
Whatsapp: 0818856452
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PMR Africa Award Winners
2 Diamond Arrow
5 Gold Arrow

 
 

South African investors want to join Dutch class action suit

South African investors are looking to join a Dutch class action against retailer Steinhoff, according to a report by Business Day. 

Fin24 reports that the Dutch class action suit is one of a number being considered by various European law firms and investment bodies after Steinhoff's CEO Markus Jooste abruptly stepped down towards the end of last year, and the firm hired PwC to investigate "accounting irregularities". German law firm TILP in December filed a investor lawsuit against the embattled retailer, saying in its legal opinion Steinhoff made itself liable for damages after providing its shareholders with incomplete market information. Meanwhile UK-based litigation firm Innsworth has said that it is "contemplating funding proceedings against Steinhoff International" on the grounds that it allegedly overstated its assets, issued misleading statements and kept investors in the dark about its true financial situation.