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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.
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 International Holdings wants to extend the date for the completion of the group's restructuring, according to a note to shareholders.
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.
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 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 BarentsKrans has started legal proceedings against Steinhoff, the group says in an update to shareholders.
A trend of financial 'irregularities' among corporates wreaks havoc on the savings prospects of South Africans, including for retirement, says Sifiso Skenjana.
The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.
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.
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 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 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.
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.
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 has announced that Theodore de Klerk will take over as its new CFO on September 1.
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.
The combination of being heavily indebted and seeing slowing earnings growth is deadly.
After long delays, Steinhoff has finally released its restated results from 2017.
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