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.

Law firms compete to sign up Steinhoff shareholders for class action suits

2018-10-31 09:56

A number of international law firms are racing to sign up Steinhoff investors for class action suits, promoting themselves as the best vehicles for shareholders to claw back a portion of their losses.

Steinhoff the elephant in the room at Mr Tekkie store launch

2018-10-25 21:44

The third Mr Tekkie store opened its doors last night, and the former Tekkie Town owners had a strong message for adversaries at Pepkor.

European investors suspend class action against Steinhoff

2018-10-17 18:18

European investors and Dutch group of investors VEB have agreed to suspend a class action suit against Steinhoff.

Steinhoff requests one-month lock-up agreement extension

2018-10-15 09:13

Steinhoff International says it has asked creditors to agree to an extension of the lock-up agreement, delaying it to November 20 from October 20.

JSE falls as global stock rout continues

2018-10-11 18:36

Following a tech led sell-off in the USA on Wednesday, Asian markets slumped in Thursday’s trading which saw the Shanghai Composite Index fall 4.8%, while the Hang Seng and Nikkei lost 3.54% and 3.89% respectively.

Lack of funding limits probes into auditors, MPs told

2018-10-10 07:10

The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.

Steinhoff subsidiary files for bankruptcy protection in the US

2018-10-05 14:31

The group's US subsidiary Mattress Firm - which it acquired in August 2016 - is filing for Chapter 11 bankruptcy.

Steinhoff investors invited to join European class action suit

2018-09-28 13:50

Shareholders of global retailer Steinhoff are invited to register to join a "class action suit" being brought by Dutch law firm BarentsKrans in Amsterdam.

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

 

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.

Steinhoff class action must be dealt with sooner rather than later - attorney

2018-10-29 16:43

Attorneys from the International Steinhoff Litigation Group have said a global settlement would be in the interests of all shareholders, rather than actions seeking individual claims in different jurisdictions.

Steinhoff International wants to complete restructuring as soon as possible

2018-10-21 15:34

Steinhoff International says in excess of 85% of the group's financial creditors have confirmed their support of a proposed extension of a long-stop date.

Steinhoff completes disposal of Austrian subsidiary Kika-Leiner

2018-10-15 17:05

Retailer Steinhoff has completed the sale of Kika-Leiner property holding companies.

Jooste, Steinhoff knowingly paid us in 'fool's gold', says ex-Tekkie Town CEO in court papers

2018-10-12 06:01

Steinhoff created STAR to insulate valueable assets against the subsequent Steinhoff collapse, claims a former Tekkie Town executive.

Jooste advised friends to sell Steinhoff stock before collapse

2018-10-10 19:38

South Africa’s financial regulator has been made aware of the message to sell the South African retailer’s shares days before the stock collapsed, according to two people familiar with the situation.

Why the Steinhoff saga made it hard to know who to trust

2018-10-05 20:57

Incidents like the Steinhoff saga has made it hard to know who you can trust, says the head of environmental, social and governance engagement at Investec Asset Management.

Steinhoff bondholders said to offer loan as part of bankruptcy filing

2018-10-04 18:00

A group of Steinhoff bondholders may inject about $300m into the retailer’s troubled US bedding unit Mattress Firm as part of a bankruptcy filing, according to sources.

Bernard Mostert: Why we still dream big after Steinhoff

2018-09-26 14:27

We will invest R500m in SA at a stage when everyone encourages us not to, says former Tekkie Town CEO Bernard Mostert.

How to get South Africa out of recession

2018-09-23 10:06

Since 2011, South Africans have experienced weak economic growth, high unemployment, low commodity prices, declining investment levels, greater household dependency on credit and policy uncertainty.

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