Steinhoff gets a stay of execution. Market goes bats**t crazy
The market is crazy! It really is an insane place right now.Bruce Whitfield
It’s looking increasingly unlikely that there’ll be any smarties left after this party.Bruce Whitfield
Steinhoff International's share price soared by 50% when the company announced it has received a lifeline from creditors.
The breathing room expires at the end of June.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Everyone wants to keep this alive so that they can get as much money out of the company in an orderly fashion…Warren Thompson, Business Day
They want to realise as much value as they can from the assets they hold… they don’t want to get into a fire-sale…Warren Thompson, Business Day
This is certainly going to be the Enron of South Africa, by some way.Warren Thompson, Business Day
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