South Africa

Steinhoff era draws to an end as shareholders vote to dissolve and delist the company

Markus Jooste Steinhoff court
The company’s former CEO, Markus Jooste, has a warrant of arrest issued for him in Germany. Picture: Gallo Images / Brenton Geach

The once mighty Steinhoff International Holdings, which held the country’s most valuable listed companies, has finally drawn to a close.

The company’s shareholders voted overwhelmingly to dissolve the shell of the scandal-hit global retailer during a hybrid extraordinary general meeting on Wednesday in Amsterdam.