SA expects decisive leadership from the president, including the fight against Covid-19 and holding his Cabinet to account, writes Mpumelelo Mkhabela.
More sun than clouds. Mild.
The PIC inquiry has heard testimony from its final witness on Wednesday - the last of 77 witnesses who provided testimony over the past eight months.
Mr. Tekkie's founders maintain Pepkor - formerly Steinhoff Africa Retail - has failed in its attempt to seek restraint of trade provisions against Mr. Tekkie's founders. But Pepkor says it emerged victorious.
Steinhoff Africa Retail has appointed Wendy Luhabe to its board as an independent non-executive director,
As part of efforts to refinance its debt, Steinhoff is selling off 200 million of its shares in Steinhoff Africa Retail. This is 6% of its stake in the company.
Jayendra Naidoo has tendered his resignation from the Steinhoff International board to focus on his job as chairperson of Steinhoff’s subsidiary Steinhoff Africa Retail Limited.
JSE newcomer Steinhoff Africa Retail has delivered strong results on the back of solid performances by Pep and Ackermans.
The Public Investment Corporation regarded Steinhoff shares as a good buy when it extended R9.35bn to empowerment group Lancaster 101 to buy shares in the retail conglomerate in 2016.
STAR previously said that the Pepkor brand had an 'incredible legacy and history of success'.
The JSE says it will bring recent revelations to the attention of the Frankfurt Stock Exchange.
Despite the struggles of its parent company, the quarterly revenue of Steinhoff Africa Retail (STAR) increased by 15.5% to R18.4bn on the back of a strong performance by its discount clothing stores.
Former Steinhoff CEO Markus Jooste banked a total of R121.8m in earnings in 2017 for services he provided to Steinhoff International, the audited results of Steinhoff Africa Retail reveal.
Which of the two exciting new listings on the JSE offers investors the best chance of success? Werner Erasmus takes a look at Stadio and Steinhoff Africa Retail Limited.
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