BUSINESS MAVERICK: Steinhoff’s delayed 2018 results show, once again, that it probably is not a going concern

Scandal-plagued retailer Steinhoff has published its much-delayed 2018 results. The usual headlines, such as the size of earnings or losses, really don’t apply here. The bottom line is one repeated verbatim from the 2017 results published last month: ‘(The) facts … cast significant doubt upon the Company and Group’s ability to continue as a going concern beyond the foreseeable future.’...

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Published By: dailymaverick - Wednesday, 19 June