Mit dem Geld der Anleger eine große Menge Luft mit kaufen?
Wo ist das ganze Geld bei Steinhoff hin?
In 2001, the Thesen Group, which operates forestry, timber and plywood manufacturing businesses sold its property and equipment to Kluh for R29-million, of which R11.6m was for the land, R12.5m for the plantations and R5.4m for the equipment.
Fihag was owned by Steinhoff’s founder, Bruno Steinhoff, until he sold it in 2003. Kluh was called Kota Sawmills at one stage.
In 2002, a company then called Cidet bought nearly 40 plots of the land for R65m.
In 2003, Steinhoff agreed to purchase the above-stated property from Kluh for R159m, netting Kluh a profit in excess of R120m within two years.
In 2007, Cidet, which now called itself Erfvest Properties, sold the majority of the properties to Steinhoff for more than R350m.
Aus Nichts wurden R406m verschwendet. BRAVO!