Steinhoff saga drags on

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Just four weeks into the new year and the Steinhoff share price has already almost doubled.
It is the strongest and most sustained run in the share price since the group’s implosion a little over three years ago; an implosion that saw the share price plunge from around R56 in late November 2017 to a mere R5 a month later.
Steinhoff over three years
It will be of little comfort to those who suffered in the R200 billion-plus value wipeout to know that the current R2.10 is the strongest it’s been since early 2019. In January that year it edged above R2, but only briefly.

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