PIC Commission meets deadline to submit final report to Ramaphosa

2019-12-18 15:30

Ramaphosa appointed the commission in October 2018 to investigate allegations of irregularities at the state-run asset manager.

PIC finalises court papers seeking full PwC report on Steinhoff

2019-12-03 14:29

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%.

'Defensive' approach helps Pepkor, says CEO

2019-11-25 14:33

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 to retire as Shoprite chair

2019-11-15 18:13

Christo Wiese will retire as board chairperson of Shoprite, by the next annual general meeting.

Pepkor expects higher earnings, but warns building materials took a knock

2019-11-14 18:05

Retailer Pepkor warned that its building materials company reflected poor performance, impacting group revenue.

Steinhoff mulls sale of 25% of European unit in listing next year

2019-10-31 14:25

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.

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.


Mr. Tekkie strikes deal with luxury lifestyle brands company

2019-12-13 11:32

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 finalises share sale in car dealer network, names B-BBEE partner

2019-11-27 10:17

Steinhoff CEO Louis du Preez says closing the transaction is a 'successful step' in deleveraging the retail conglomerate's balance sheet.

Steinhoff to sell part of Australian subsidiary as disinvestment drive continues

2019-11-18 10:28

The retail conglomerate says it will sell off the general merchandise division of its Australian furniture subsidiary, Greenlit Brands.

Steinhoff sells UK furniture business

2019-11-15 15:43

European retail investor Alteri Investors will acquire Steinhoff's Blue Group which owns UK-based furniture company Harveys Furniture and Bensons for Beds.

Steinhoff mulls issuing new shares as it seeks 'early resolution' of litigation

2019-11-08 11:44

The Stellenbosch-headquartered retailer says that, part of its litigation strategy may include equity issuance.

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.

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