Jean-Pierre Verster: Why Steinhoff shares still suck - Richemont's too

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Highly respected and newly independent asset manager Jean-Pierre Verster provides perspective on two of today's major company news releases. The proprietor of Protea Capital Management says the fact that Steinhoff did not disclose the price of two large sales of subsidiaries today - in Australia and the UK - speaks volumes for this money manager. And he's also not enamoured with luxury goods multinational Richemont's recently released interims. Even the joint venture in China with the storied AliBaba isn't enticing him. - Alec Hogg

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