Steinhoff told it faces $3.4bn worth of settlement claims

Retailer Steinhoff has been informed it has approximately $3.2 billion in claims compared to shareholders who lost money when its shares plummeted after accounting fraud was exposed in 2017

< p>The foundation, set up to manage the distribution of funds to applicants, told Steinhoff that it had received more than 43,000 applications, the company said in a statement.

Reuters