The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
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 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.
The owner of PEP and Ackermans is looking to diversify its sources of funding.
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 CEO Louis du Preez says closing the transaction is a 'successful step' in deleveraging the retail conglomerate's balance sheet.
The retail conglomerate says it will sell off the general merchandise division of its Australian furniture subsidiary, Greenlit Brands.
European retail investor Alteri Investors will acquire Steinhoff's Blue Group which owns UK-based furniture company Harveys Furniture and Bensons for Beds.
The Stellenbosch-headquartered retailer says that, part of its litigation strategy may include equity issuance.
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 Investments had hoped to publish its annual results by the end of September.
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.
Steinhoff's share price jumped by almost 50% on Tuesday amid a rumoured takeover for Pepco Group.
Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.
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%.
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 will retire as board chairperson of Shoprite, by the next annual general meeting.
Retailer Pepkor warned that its building materials company reflected poor performance, impacting group revenue.
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.
The state asset manager was updating MPs about plans to recoup investments and loans.
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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