Zondo commission: Forensic auditor's evidence to proceed after bid to delay evidence kicked out

2020-01-20 13:08

PriceWaterhouseCoopers forensic auditor Trevor White is expected to proceed with his evidence at the state capture commission of inquiry after two people implicated in the so-called "Amigos" fraud case lost a bid to delay his testimony.

Under attack in parliament, Steinhoff execs say they are trying to save the company

2019-09-04 17:43

Memebers of Parliament gave Steinhoff executives a grilling, especially when they found out that the Hawks still did not receive the final PwC report into the circumstances of the Steinhoff scandal, despite a commitment from Steinhoff that they would provide it.

Land reform, NHI a source of uncertainty for investors - PwC CEO

2019-09-04 14:58

PwC Southern Africa CEO Shirley Machaba said policy uncertainty continues to be a concern for South Africa CEOs.

PIC inquiry: Lifestyle audit finds no criminal conduct by ex-head Dan Matjila

2019-08-13 12:12

A lifestyle audit conducted by PwC into five former officials at state-owned asset manager the Public Investment Corporation - including its ex-CEO Dan Matjila and former board chair Mondli Gungubele - found no evidence of criminal conduct.

Steinhoff wants Markus Jooste to pay back R870m - report

2019-06-26 16:05

Steinhoff has filed papers in the Cape Town High Court in an attempt to claw back hundreds of millions of rands from its former CEO Markus Jooste and its ex-CFO Ben la Grange, according to the Financial Mail.

Steinhoff announces loss of almost R20bn for 2018

2019-06-18 22:55

The Stellenbosch-headquartered conglomerate published its delayed 2018 earnings report on Tuesday evening after the close of SA markets.

More than 70% SA businesses unsatisfied with current conditions - survey

2019-06-14 13:39

More than seven out of 10 businesses indicated that they are unsatisfied with prevailing operating conditions, a survey shows.

'You people' ranter leaves PwC amid disciplinary hearing

2019-06-03 19:20

A PricewaterhouseCoopers Africa executive, who was video recorded going on a racial rant, has left the well-known audit firm following disciplinary steps.

Steinhoff says Markus Jooste got $2.4 million bonus without approvals

2019-05-08 13:41

Steinhoff's former chief executive officer received almost $2.4m of bonuses without required approvals in the months before the global retailer almost collapsed amid an accounting crisis.

Steinhoff to release restated financial results for 2017

2019-05-07 06:30

Steinhoff is set to release its restated and audited financial results for 2017 on Tuesday, giving investors insight into how a yearlong forensic probe by PwC has altered the multinational retailer's financial position.


Hawks not suing Steinhoff over PwC report

2019-09-05 12:23

Reports emerged on Thursday that the Hawks and the National Prosecuting Authority are considering taking legal action against Steinhoff for defeating the ends of justice. However, Hawks spokesperson Hangwani Mulaudzi told Fin24 that the Hawks were not suing the company.

Hawks say Steinhoff still hasn't provided results of forensic probe

2019-09-04 14:59

Members of Parliament slammed Steinhoff leadership for 'buying time' and 'malicious compliance' regarding investigations into governance failures that caused the global retailer's share price to plunge.

Steinhoff weighs further disposals to focus on most profitable businesses

2019-08-13 13:49

The Stellenbosch-headquartered retailer has given its first public investor presentation since its share price plunged in late December 2017 at the start of an accounting scandal.

Steinhoff to update investors on status of turnaround plan

2019-08-13 06:00

The Stellenbosch-headquartered retailer is set to update investors on the status of its turnaround plan, after a dramatic plunge in its share price shrank its market capitalisation by over R200bn.

Steinhoff shares fall by 8% after earnings report shows R19.3bn loss for 2018

2019-06-19 09:28

The group had delayed publishing its 2017 and 2018 earnings reports to give auditors PwC time to complete a 15-month forensic probe into its books.

Steinhoff set to release its delayed 2018 earnings report

2019-06-18 06:00

The Stellenbosch-headquartered retailer has predicted that its audited 2018 financial results would show reduced net sales due to disposals, a weak global economy, strong competition and reputational damage.

PwC’s R67m UK fine gives fresh ammunition to audit critics

2019-06-13 13:11

PwC was fined about R67m by the UK’s accounting watchdog over failings in its handling of technology firm Redcentric

PwC Southern Africa appoints Shirley Machaba as its first woman CEO

2019-05-23 09:55

Machaba is taking over the reins from Dion Shango, who is set to become PwC Africa’s new head.

Steinhoff still hopes to publish results on Tuesday, but may again delay

2019-05-07 17:50

The embattled retailer previously announced it would publish the long-awaited results on Tuesday, which would set out its restated financial position for 2017 in the wake of a forensic probe.

Hawks say they are waiting 'anxiously' for access to PwC report into Steinhoff

2019-03-22 14:13

The 3000-page forensic probe into accounting fraud was given to Steinhoff leadership by PwC earlier in the month.

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