The biggest bombshells in the PIC report, which is absolutely scathing of Dan Matjila

2020-03-12 21:07

The long-awaited and newly released report into wrongdoing at the Public Investment Corporation, which manages civil servant pensions, details a litany of transgressions by its former CEO Dan Matjila.

Steinhoff to delay Pepco sale as unit’s CEO takes leave

2020-03-12 12:13

Steinhoff is delaying the potential sale of its European retail arm Pepco Group amid heightened market volatility and the illness of the unit's chief executive officer, people with knowledge of the matter said.

Moody's assigns Pepkor first-time rating as it considers raising funds in the bond market

2020-01-27 10:47

The owner of PEP and Ackermans is looking to diversify its sources of funding.

Mr. Tekkie strikes deal with luxury lifestyle brands company

2019-12-13 11:32

Mr. Tekkie has announced a new partnership with luxury lifestyle brands company New House of Busby, which has the distribution rights to GUESS, Aldo, Call it Spring and Steve Madden.

Steinhoff finalises share sale in car dealer network, names B-BBEE partner

2019-11-27 10:17

Steinhoff CEO Louis du Preez says closing the transaction is a 'successful step' in deleveraging the retail conglomerate's balance sheet.

Steinhoff to sell part of Australian subsidiary as disinvestment drive continues

2019-11-18 10:28

The retail conglomerate says it will sell off the general merchandise division of its Australian furniture subsidiary, Greenlit Brands.

Steinhoff sells UK furniture business

2019-11-15 15:43

European retail investor Alteri Investors will acquire Steinhoff's Blue Group which owns UK-based furniture company Harveys Furniture and Bensons for Beds.

Steinhoff mulls issuing new shares as it seeks 'early resolution' of litigation

2019-11-08 11:44

The Stellenbosch-headquartered retailer says that, part of its litigation strategy may include equity issuance.

Steinhoff: To go for low-hanging fruit or big fish, asks Batohi

2019-10-15 21:09

Choosing her words carefully in the public forum of the Portfolio Committee on Justice and Correctional Services, NPA boss Shamila Batohi says the prosecuting authority and the Hawks are working closely together on the Steinhoff case and that there is progress.

Steinhoff subsidiary again delays 'complex and uncertain' results

2019-10-01 10:16

Steinhoff Investments had hoped to publish its annual results by the end of September.


PIC report: Steinhoff deal reeks of 'collusion'

2020-03-12 17:29

Possible "collusion" between the Lancaster Group and former Public Investment Corporation CEO Dan Matjila was at the heart of a R9.4 billion deal involving the purchasing of shares in Steinhoff, the Lex Mpati Commission of Inquiry has found.

After an explosive rally, Steinhoff falters as Pepco releases trading update

2020-02-05 13:21

Steinhoff's share price jumped by almost 50% on Tuesday amid a rumoured takeover for Pepco Group.

PIC Commission meets deadline to submit final report to Ramaphosa

2019-12-18 15:30

Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.

PIC finalises court papers seeking full PwC report on Steinhoff

2019-12-03 14:29

Since Steinhoff's former CEO Markus Jooste abruptly resigned at the start of an accounting scandal in December 2017, the Stellenbosch-headquartered retailer's share price has plummeted by over 95%.

'Defensive' approach helps Pepkor, says CEO

2019-11-25 14:33

Pepkor's "defensive" market positioning in the value and discount markets of SA and Africa proved to be a competitive advantage, CEO Leon Lourens tells Fin24.

Christo Wiese to retire as Shoprite chair

2019-11-15 18:13

Christo Wiese will retire as board chairperson of Shoprite, by the next annual general meeting.

Pepkor expects higher earnings, but warns building materials took a knock

2019-11-14 18:05

Retailer Pepkor warned that its building materials company reflected poor performance, impacting group revenue.

Steinhoff mulls sale of 25% of European unit in listing next year

2019-10-31 14:25

Steinhoff International Holdings is considering the sale of about a quarter of Pepco Group through an initial public offering that could value the European retailer at more than R66bn according to people familiar with the matter.

PIC mulls submitting application to liquidate Survé's Sekunjalo over debt, MPs hear

2019-10-15 16:26

The state asset manager was updating MPs about plans to recoup investments and loans.

'The smear campaign continues' - Maimane responds to Steinhoff car hire report

2019-09-29 15:12

DA leader Mmusi Maimane says the latest report on his party's link with disgraced former Steinhoff boss Markus Jooste is a "smear campaign".

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