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Bundu, SNH is there. Why is anybody's guess.

thanks for the info - maybe I should just buy some more? but I'm pretty deep in already 

From Reuters..

TAX RATE QUESTIONS

Analysts have long questioned how Steinhoff managed to achieve such a low tax rate. Its tax rate has averaged 12 percent over the past five years -- half the headline corporate tax rate in its main markets and less than half the rates paid by listed competitors including France's Casino, Germany's Metro AG and South Africa's Woolworths.

Experts say such low tax rates can be the result of complex corporate structures which stretch accounting rules and such arrangements are occasionally challenged by courts as unlawful.

"The company recorded a very unusual tax rate of c. 15 percent and also guided that this would be the rate going forward," Juergen Kolb, an analyst at Kepler Cheuvreux, said in a note, adding that if this tax rate was at risk it could also hit Steinhoff's cashflow.

Kolb also raised the possibility that as chairman, Wiese's role could now come under scrutiny too.

Steinhoff did not respond to requests for information about what, if anything, Wiese knew about the accounting problems now being investigated before Tuesday.

Investors also told Reuters they are concerned Wiese may be forced to sell shares he bought last year with borrowed money.

Wiese borrowed 1.6 billion euros ($1.9 billion) to buy additional Steinhoff shares through a family trust in September 2016, pledging 3.2 billion euros of his existing holding as security to the investment banks that lent the money.

With the share price plunge taking the security below the value of the loan, Wiese may be required by the financing banks -- Citi, Goldman, HSBC and Nomura -- to post more shares as collateral, or sell part of his holding. ($1 = 0.8459 euros)

(Reporting by TJ Strydom; additional reporting by Tanisha Heiberg, Tom Bergin and Alasdair Pal; writing by Alexander Smith; editing by Tom Pfeiffer and Keith Weir)

I'm considering buying some SNH tomorrow...... wonder if I've maybe lost my mind 

I see Kap and SHF have 2 common directors in DM van der Merwe and SH Muller

thanks for the info - maybe I should just buy some more? but I'm pretty deep in already 

Simon Brown from JustOneLap said this on Twitter, "Everybody wants to buy SNH .. Sure it does seem to have found a bottom, for now. That can change in a moment as we get new news and it's unlikely to be good news, I think they're still hiding things. I am not buying and do not recommend anybody else buy."

Follow him directly on Twitter, https://twitter.com/SimonPB

The Shoprite related call options have been exercised, we all know that, but will this actually come about? The options were exercised before the brown stuff hit the fan.

Quote

The implementation of the investment in Shoprite is subject to a number of conditions
precedent as set out in the Pre-listing Statement, which include, inter alia, merger filings with
various African Competition Authorities. To this end, the filings are being completed and will
be submitted to the relevant authorities in the foreseeable future.

Shareholders will be informed once all the conditions precedent for the implementation of the
transaction have been met.

Steinhoff Africa Retail Limited - Update On Shoprite Call Options

Release Date: 15/12/2017 14:20:00      Code(s): SRR     Email this JSE Sens Item to a Friend   Printer Friendly Version
Update On Shoprite Call Options

Steinhoff Africa Retail Limited
(Previously K2017221869 (South Africa) Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2017/221869/06)
Share Code: SRR
ISIN: ZAE000247995
(“STAR” or the “Company”)

UPDATE ON SHOPRITE CALL OPTIONS

Shareholders are referred to STAR’s previous announcement dated 30 November 2017
pertaining to the exercise of call option agreements with PIC, Lancaster, Titan and Lavender
Sky (“call options”) to acquire approximately 23.1% economic interest in, and approximately
50.6% voting control of Shoprite, which call option agreements are subject to certain
conditions precedent.

The STAR board received confirmation from Titan which confirms that the call option
agreement with Titan will not be capable of implementation and will not become
unconditional. This means that the Lavender Sky call option agreement will also terminate.

As a result, the STAR board will therefore not be able to implement the call options pertaining
to Titan and Lavender Sky.

The STAR board will enter into discussions with the remaining parties in respect of their call
option agreements to assess the way forward.

Stellenbosch

15 December 2017

Market probably reckons Wiese to sell a good chunk of his holding in SHP.