Steinhoff's salvage process stalls as former partner digs in

2019-01-11 17:57

Steinhoff's effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, its former Austrian partner.

14 questions that will finally be answered in 2019 - from Steinhoff to Game of Thrones

2019-01-04 15:13

2019 is here and with it, we'll finally get answers to some big questions that have been plaguing us for months.

PIC said to face Steinhoff probe

2018-12-10 19:48

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter.

PIC pursuing those responsible for VBS fallout, awaiting Steinhoff outcomes

2018-12-07 12:26

The PIC has Scopa it is pursuing those responsible for VBS-related losses, and awaiting the outcome of a PwC forensic investigation into Steinhoff before making a decision.

R5bn in impairments not about lack of due diligence, says government pension fund

2018-12-05 18:56

The GEPF, which has registered impairments of over R5bn in its investments in Steinhoff’s empowerment partner Lancaster 101 and Independent News and Media SA, says it has no reason to believe it did not conduct proper analysis.

Viceroy Research is a `hit squad,' - Kganyago

2018-11-30 17:21

Viceroy Research, is profiting unethically from its reports and has escaped sanctions from local regulators because it is domiciled elsewhere, said Reserve Bank Governor Lesetja Kganyago.

Pepkor chair on Steinhoff and Tekkie Town: It was the Year of the Struggle

2018-11-27 09:49

The year 2018 will go down in Pepkor's history as the Year of the Struggle - one filled with unexpected crises and drama, says its chair Jayendra Naidoo.

Book on Steinhoff's demise shows danger of 'big men' business leaders

2018-11-25 10:04

Part of the problem was the dominant view that the company could never go wrong, says Mills Soko.

New Steinhoff CEO 'largely untainted by the stink' - author of Steinhoff book

2018-11-19 21:57

Danie van der Merwe's decision to step down as Steinhoff's acting CEO is long overdue, James-Brent Styan, author of the book Steinhoff: Inside SA's Biggest Corporate Crash, tells Fin24.

UPDATE: Not so fast, Mr. Tekkie, says Pepkor

2018-11-07 16:02

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.

 

Ramaphosa calls on private sector to assist with fighting corruption

2019-01-10 17:51

Corruption has become a big issue that has to be addressed by the whole nation, President Cyril Ramaphosa has told business leaders at a meeting in the Pietermaritzburg City Hall.

From Steinhoff to 'pimping' the budget: 2018's top moments from inside Parly

2018-12-27 12:41

Fin24 reflects on some of 2018's top moments within the walls of Parliament.

South Africa probes seven accounts for Steinhoff insider trading

2018-12-07 13:30

South Africa’s financial regulator is investigating seven trading accounts that sold Steinhoff International Holdings NV shares in the weeks leading up to the global retailer’s disclosure of accounting irregularities and subsequent share-price collapse a year ago.

Fresh bid from accounting body to discipline ex-VBS bosses

2018-12-06 06:55

The South African Institute for Chartered Accountants is hoping to end 2018 with disciplinary action in the bag against two former VBS leaders, as the industry comes under pressure to deal with errant accountants.

GEPF's Mokate: Pension fund healthy despite Steinhoff, VBS 'elephants in the room'

2018-12-03 16:55

The Government Employee Pension Fund has impaired Lancaster 101, Steinhoff's BEE partner. The state pension fund is invested in Lancaster through the Public Investment Corporation. Other impairments included Independent News Media and Agri Poultry.

How breakneck growth brought down America’s mattress leader

2018-11-28 22:24

Steinhoff-linked Mattress Firm has three stores in Austin, Texas, within half a mile of one another.

Pepkor did a lot to show independence from Steinhoff – CEO

2018-11-26 22:17

The Pepkor group has done a lot of things to emphasise its independence from Steinhoff, CEO Leon Lourens tells Fin24.

Steinhoff gets boost as Mattress firm of US exits bankruptcy

2018-11-22 10:11

Steinhoff International Holdings NV’s battle to stabilize itself received a boost as troubled US bedding chain Mattress Firm emerged from bankruptcy with $525m in funding to support operations.

Steinheist: The 'buying group' swindle

2018-11-18 06:00

Perhaps the most audacious swindle that Markus Jooste pulled off was convincing his directors that he was part of a massive "buying group" that swung rebates for the company, writes Rob Rose.

More South African investors join international litigation against Steinhoff

2018-11-07 15:38

Over 100 000 Steinhoff shareholders have registered with the International Steinhoff Litigation group.

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