n Personal Finance Newsletter - An ideal rand hedge : markets

Volume 2006, Issue 305
  • ISSN :



Extracted from text ... Moneyweb's PERSONAL FINANCE April 2006 13 MARKETS An ideal rand hedge Alec Hogg reports back on his visit to Steinhoff, and finds a unique business model that provides an excellent long-term opportunity. By ALEC HOGG The head office tells us a lot about the company which inhabits it. So I was all eyes when visiting the home of JSE-listed Steinhoff International, one of the world's biggest furniture manufacturers. Steinhoff didn't disappoint. Firstly, its head office is in Wynberg, Johannesburg's worst named suburb. This is no leafy, vine covered enclave with a mountain view. Wynberg in Gauteng is wall-to-wall factories. ..

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