January 22, 2018 / 9:28 AM / 6 months ago

S.Africa bourse may suspend trade in Steinhoff bonds over results delay

JOHANNESBURG, Jan 22 (Reuters) - South Africa’s bourse said on Monday it may suspend trade in the bonds of retailer Steinhoff if the company’s delayed financial results are not published before the end of February.

“In terms of the debt listings requirements they have until 31 January to publish their year-end results. The requirement then provide issuers with an extra month grace period. Failure to publish by the end of February could result in suspension,” said Andre Visser, the General Manager of Issuer Regulation.

Steinhoff Services Limited is the issuer of the company’s debt.

Reporting by Ed Stoddard, editing by Louise Heavens

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