A Western Cape High Court judge has ruled that Jayendra Naidoo, the chairperson of Steinhoff's black economic empower partner Lancaster 101, was not "empowered" to sue the retailer for R4.5 billion.
STEINHOFF argued that Jayendra Naidoo did not have authority to institute legal proceedings given his directorship in Lancaster 101 (L101) and the subsequent “windfall” that he received as sole shareholder and director of the Lancaster Group.
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