Steinhoff (SHF) reached a profit of R10,000 in our iTrade Fantasy League portfolio this month, by far the best performer. One of the reasons for this performance is its intended listing on the Frankfurt Stock Exchange in December this year and its expected inclusion in the DAX Index.
STEINHOFF is an integrated discount retailer that manufactures, sources and retails furniture, household goods and clothing in Europe, Africa and Australasia. In addition, the group owns diversified industrial businesses in Southern Africa through supply chain solutions and passenger services, timber products and manufacturing operations across diverse industries. Brand names include Bensons for Beds; Bradlows; Harveys; HiFi Corp; Incredible Connection; JD Group; Morkels; Pepkor; Quatro Mobili; Russel’s; Timbercity and Unitrans.