High Court approves Steinhoff's R25bn payout

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High Court approves Steinhoff's R25bn payout
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The High Court in the Western Cape granted the embattled retailer an order to settle claims worth R25-billion on Monday.

hundreds of litigants will finally be compensated for their losses.an order to settle claims worth R25-billion on Monday.The settlement proposal was already sanctioned in the Netherlands last year where Steinhoff is domiciled.

the court says there is no reason not to grant Steinhoff’s request.
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