# Economic analysts say the 6.3-billion-rand settlement in the Steinhoff scandal marks a key step toward closure. The Reserve Bank has wrapped up its seven-year probe, calling the deal with successor Ibex Group reasonable and justifiable. The funds go to the state, with asset restrictions lifted to allow Ibex’s wind-down. While not fully addressing investor losses, experts say the move helps resolve one of South Africa’s biggest financial scandals.
Analysts welcome Steinhoff R6.3 Billion settlement