Three men wiped $3 bn off South African stocks in 4 days
Over $3 billion was wiped off from the value of South African property stocks in just four days on rumours that three people working out of US-based research firm Viceroy Research were investigating a South African property company. Viceroy Research had exposed South African retailer Steinhoff in December, shortly after its CEO Markus Jooste abruptly resigned amid an accounting scandal.