
SARB and Ibex Holdings reach settlement ending R6.3bn forfeiture dispute
The settlement agreement lifts restrictions on Ibex’s Pepkor shares, enabling the group to drastically reduce its stake.
The settlement agreement lifts restrictions on Ibex’s Pepkor shares, enabling the group to drastically reduce its stake.
Judge finds the Reserve Bank acted without evidence or legal basis in freezing funds Ibex needed to repay offshore creditors.
The SARB plans to continue enforcement action against Ibex Holdings, formerly Steinhoff, and other parties but may consider a settlement to resolve the matter.
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