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.

Steinhoff's share bounce fizzles out

2019-03-20 19:07

After gaining 10% earlier in the week, shares in Steinhoff have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books.

Four key things to know from Steinhoff's briefing to Parliament

2019-03-19 18:04

From naming former Steinhoff CEO Markus Jooste as one of eight executives implicated in the PwC forensic report, to arguments around who can have access to the 15 000-page document, here are four things to know from Steinhoff's first appearance before Parliament in 2019.


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.

Ferial Haffajee: PwC’s Steinhoff report is a whitewash laced with white privilege

2019-03-22 11:11

Steinhoff’s caretaker board and management have not risen to the challenge of good corporate citizenship, says Ferial Haffajee.

Steinhoff's former CFO assisting authorities with investigations

2019-03-20 13:58

Steinhoff’s former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse.

STEINHOFF WRAP: MPs slam Hawks for slow progress

2019-03-19 09:35

Follow our live updates from Parliament where Steinhoff executives, the Hawks, the NPA and other regulatory bodies have been briefing Parliament on the status of investigations into the group.

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