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Steinhoff forensic report delayed to April 2019

‘If you’re holding Steinhoff now, you’ll be holding it for a decade before seeing value.’

The PwC report into Steinhoff’s accounting regularities has been delayed, sending the SA retailer’s shares falling on Thursday. The company has also abandoned plans to publish its latest financial results.

Read: Steinhoff shares tumble after accounts, PwC probe delayed

Michael Treherne, portfolio manager at Vestact, talks to Classic Business Breakfast with Moneyweb about how the market reacted to latest developments surrounding the embattled company. 

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