Steinhoff shareholders to receive payouts

Investors who lost money in the 2017 fraud-related Steinhoff crash will receive settlement payouts from Wednesday. The payments apply to those who have submitted successful claims. They filed claims of over R80-billion and argued they were misled into overpaying for the stock.

But, Steinhoff reached a R24-billion cash and Pepkor share settlement early last year. Analysts say they are likely to receive an average of R5 a share. The share was worth R46 the day before the steep crash.

Source: eNCA

In other news – Muvhango bids farewell to Chief Azwindini after 23 years

Another big exit hits Soapieville within a week and this time it takes on Chiefly proportions. Gabriel Temudzani makes his final appearance on Muvhango when Tenda sets Chief Azwindini Mukwevho alight after he was killed on Friday night.

Gabriel, who was born in Tshivhilidulu in the Nzhelele area, in Venda, began his acting career in 1995. He made his TV debut on Muvhango in 2000. His days will be very different now. Learn more