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  • February 2018 (Revised October 2019)
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Steinhoff International and the Stock Exchange

By: Siko Sikochi and Austin Lim
  • Format:Print
  • | Language:English
  • | Pages:20
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Abstract

Nicky Newton-King, the Chief Executive Officer of the Johannesburg Stock Exchange (JSE), was put in a difficult position. A scandal had broken out at Steinhoff, a JSE-listed company, under her watch and there were calls to suspend listing of the company securities from the exchange. Newton-King understood that the scandal threatened to erode investor confidence in the credibility of South Africa’s capital markets, at a time when South Africa was already experiencing political and economic uncertainties. Yet, even if Steinhoff had violated listing requirements, she had to determine whether suspending the listing of Steinhoff’s securities from the exchange was in the public interest.

Keywords

Accounting; Financial Reporting; Mergers and Acquisitions; Financial Markets; Corporate Governance; Retail Industry; Manufacturing Industry; Distribution Industry; Africa; South Africa

Citation

Sikochi, Siko, and Austin Lim. "Steinhoff International and the Stock Exchange." Harvard Business School Case 118-066, February 2018. (Revised October 2019.)
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About The Author

Anywhere Sikochi

Accounting and Management
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Related Work

    • May 2019
    • Faculty Research

    Steinhoff International and the Stock Exchange

    By: Anywhere (Siko) Sikochi
    • February 2018 (Revised October 2019)
    • Faculty Research

    Steinhoff International and the Stock Exchange

    By: Siko Sikochi and Austin Lim
Related Work
  • Steinhoff International and the Stock Exchange By: Anywhere (Siko) Sikochi
  • Steinhoff International and the Stock Exchange By: Siko Sikochi and Austin Lim
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