Jooste: Steinhoff's R850m claim 'vague and embarrassing'

2019-08-16 15:20

Steinhoff's former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than R850m ($56m) against him as "vague and embarrassing", Bloomberg reports.

PIC inquiry wraps public hearings, commission to prepare final report

2019-08-14 12:28

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.

Steinhoff wants more time to complete restructuring

2019-08-08 13:00

Steinhoff International Holdings wants to extend the date for the completion of the group's restructuring, according to a note to shareholders.

'My dear friend, I apologise': Texts reportedly from Markus Jooste revealed in court docs

2019-08-06 19:24

An SMS which Markus Jooste, former chief executive of Steinhoff, allegedly sent to a friend, was revealed in a trial relating to legal action against him and Steinhoff.

No one could detect Steinhoff irregularities – Matjila

2019-07-16 18:24

Former PIC CEO Dan Matjila said the asset manager was concerned with governance at Steinhoff, but no prudent investor would be able to pick up irregularities at the retail group.

Steinhoff says road to recovery still long

2019-07-12 19:46

Steinhoff says the work of rehabilitating the company is far from over, as the scandal-hit conglomerate outlined the steps it has taken to stabilise the business.

Dutch law firm starts legal action against Steinhoff

2019-07-02 17:54

Dutch law firm BarentsKrans has started legal proceedings against Steinhoff, the group says in an update to shareholders.

Sifiso Skenjana: Sweet to sour at Tongaat (and why 'financial irregularities' impact us all)

2019-06-18 07:00

A trend of financial 'irregularities' among corporates wreaks havoc on the savings prospects of South Africans, including for retirement, says Sifiso Skenjana.

Steinhoff falls 15% as market reacts to glum 2017 earnings report

2019-05-09 12:25

The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.

A €4bn net loss and dubious bonuses – 7 key highlights from Steinhoff's 'midnight special' results

2019-05-08 17:30

Steinhoff published its long-awaited audited annual report for 2017 just before midnight on Tuesday. From ongoing criminal investigations to questionable bonuses amid major losses, these are the seven key highlights.


Steinhoff corporate fraud beyond what anyone envisaged, inquiry hears

2019-08-14 14:43

The PIC commission heard from its last witness, co-founder of Lancaster Group Jayendra Naidoo on Wednesday. Lancaster received a loan from the PIC to make an investment into Steinhoff.

Steinhoff CEO reveals the two questions he’s most often asked

2019-08-13 19:45

Steinhoff Chief Executive Officer Louis du Preez told investors there are two things he’s pressed about the most after the retailer’s near collapse

Steinhoff considers IPO of Pepkor Europe

2019-08-07 05:30

Steinhoff is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit retailer seeks funds for the next phase of its recovery plan.

SAICA suspends Markus Jooste amid disciplinary proceedings

2019-07-25 20:57

The South African Institute of Chartered Accountants announced that it has suspended the former Steinhoff International CEO pending the finalisation of disciplinary proceedings against him.

Steinhoff’s window-dressing reveals the devil is in the details

2019-07-15 14:51

It’s quite understandable that Steinhoff International Holdings wants to create a favourable impression - The embattled retailer is in the final month of debt-restructuring talks, after all.

Steinhoff announces new chief financial officer

2019-07-08 08:57

Steinhoff has announced that Theodore de Klerk will take over as its new CFO on September 1.

Steinhoff's R1bn claim against Jooste and La Grange: 5 things you need to know

2019-07-01 14:05

In mid-June, the Stellenbosch-headquartered retail and furniture conglomerate lodged court documents in the Western Cape High Court against former senior executives Markus Jooste and Ben La Grange.

Steinhoff, Tongaat, Omnia... Here's the dead giveaway that you should have avoided these companies, says an asset manager

2019-06-11 14:35

The combination of being heavily indebted and seeing slowing earnings growth is deadly.

All eyes on Steinhoff as shares resume JSE trade after public holiday

2019-05-09 06:00

The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.

From golden visas to airplane deals – what we've learned from Steinhoff's 'real' results

2019-05-08 15:52

After long delays, Steinhoff has finally released its restated results from 2017.

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