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.

Senior DA MP quizzes Maimane on who pays his rent - report

2019-09-29 11:20

Senior DA MP Mike Waters has requested documentary proof that party leader Mmusi Maimane is renting his Claremont home out of his own pocket, the Sunday Times reports.

'Utter relief' for Tekkie Town founders as Pepkor loses court bid

2019-09-16 16:16

Retailer Pepkor has lost an application for leave to appeal a court order that bars its parent company Steinhoff from disposing shares it holds either directly or indirectly in shoe retailer Tekkie Town.

Hawks not suing Steinhoff over PwC report

2019-09-05 12:23

Reports emerged on Thursday that the Hawks and the National Prosecuting Authority are considering taking legal action against Steinhoff for defeating the ends of justice. However, Hawks spokesperson Hangwani Mulaudzi told Fin24 that the Hawks were not suing the company.

Hawks say Steinhoff still hasn't provided results of forensic probe

2019-09-04 14:59

Members of Parliament slammed Steinhoff leadership for 'buying time' and 'malicious compliance' regarding investigations into governance failures that caused the global retailer's share price to plunge.

Nothing 'sinister' about keeping full forensic probe confidential, says Steinhoff

2019-08-30 16:02

Steinhoff leadership says at its AGM that a 3 000-page forensic probe into an accounting scandal would remain confidential.

Steinhoff’s European cheap-cheap shops are doing brisk business, but could be sold off

2019-08-29 14:28

Poundland and Pepco sells discounted products across Europe, and their sales climbed by 13% over the past nine months.

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.


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".

The DA's Steinhoff link: Maimane drove car paid for by Markus Jooste - report

2019-09-29 07:11

DA leader Mmusi Maimane drove around in a car that was a gift from Markus Jooste, Rapport reported on Sunday.

SA authority fines Steinhoff a record R1.5bn - but it only needs to pay R53m

2019-09-12 12:18

Given Steinhoff’s current financial position, it will waive the bulk of the fine to only levy a penalty of R53m.

Under attack in parliament, Steinhoff execs say they are trying to save the company

2019-09-04 17:43

Memebers of Parliament gave Steinhoff executives a grilling, especially when they found out that the Hawks still did not receive the final PwC report into the circumstances of the Steinhoff scandal, despite a commitment from Steinhoff that they would provide it.

Steinhoff seeks fresh start, nominates new auditor

2019-08-31 14:51

Steinhoff International Holdings nominated a new auditor as the retailer looks for a fresh start after an accounting scandal almost destroyed the company.

Steinhoff’s board seeks more clout at shareholder meeting vote

2019-08-30 12:40

Steinhoff’s new board is seeking more power as shareholders vote at its annual general meeting in Amsterdam Friday.

Steinhoff 'clearly plotted' Tekkie Town transfer path - judge

2019-08-20 16:57

The transfer path of Tekkie Town and its shares in late 2016 to Steinhoff subsidiary Pepkor was clearly plotted even before the first transfer took place, says a Cape High Court judge.

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

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