I must admit that I have never been involved in mayor decisions that CEO of major conglomerates are dealing with although I do have a fair amount of management experience. I am seriously disappointed in the decision of Steinhoff to go offshore and obtain finance from some international institutional investors. I am a private long term investor in Steinhoff and I would have bonded my house and sold my mother in law to participate in a right issue at R52 to buy Steinhoff shares and would have made the profit the institutional investors, that may not even own shares in Steinhoff, are now pocketing. On the announcements day I was sitting with an R125k loss and I believe this is not fair. What about my long term loyalty to Steinhoff?
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