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Posts Tagged ‘shareholder’
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July 9, 2018

HOW TO BEST RESOLVE BUSINESS DISPUTES

One of the most difficult situations a business owner or shareholder can face in these tough economic times is a company dispute.

When a company is involved in a court case, its productivity can be disrupted significantly. In addition, there is the anxiety associated with the thought of court litigation and financial and reputational risks.

It also means managers will spend substantial amounts of time dealing with lawyers, the media and other litigation-related issues. The cost of productive time lost in this way is largely hidden, but it takes management’s attention away from core business issues.

Businesses need quick, efficient, affordable and predictable ways [...]

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February 15, 2018

Steinhoff scandal cost Government Employees Fund R20bn

The Government Employees Pension Fund (Gepf) lost about R20billion from the collapse of Steinhoff’s share price after the group admitted accounting irregularities.

This emerged from the hearings in Parliament yesterday when the Steinhoff supervisory board appeared before three parliamentary committees -the standing committees on finance, public accounts and public service and administration.

The Gepf said its Steinhoff shares were worth R24.1bn on November 30 last year but worth only R3.1bn on January 18 this year.

The Gepf holds 392million Steinhoff shares, about 9.1percent of all the group’s shares.

Senior National Treasury official Ismail Momoniat said [...]

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