Steinhoff considers divestments in turnaround bid

Embattled retailer, Steinhoff, whose market cap plunged by over R200 billion due to accounting irregularities flagged nearly two years ago says that it has ruled out any additional effect on its finances from round two of PWC's forensic investigation into accounting fraud in its books. Steinhoff's survival however is now dependent on divestments. Company's CEO, Louis du Preez spoke with Business Day TV about the company's turnaround.