Govt pension fund wants seat at the Steinhoff table in future

2017-12-13 18:19

SA's government employees pension fund and its asset manager the Public Investment Corporation will insist on appointing two independent directors to Steinhoff’s board following its dramatic share price collapse.

EXCLUSIVE: Markus Jooste, the blonde polo player and a room with a view

2017-12-13 06:00

The disgraced former Steinhoff CEO Markus Jooste did not only have business secrets. For years, the chattering elites of Stellenbosch and Hermanus have been whispering about the dark side of the 'family man' with the golden smile.

Markus Jooste's racing interests in spotlight as regulator seeks answers

2017-12-12 18:27

The National Horseracing Authority of SA has requested clarity from Mayfair Speculators, the company dealing with former Steinhoff CEO Markus Jooste's horseracing interests.

Parliament's finance committee lashes out at Steinhoff

2017-12-12 16:17

Parliament’s oversight committee on finance says it is "outraged at what has happened at Steinhoff and utterly condemns the company’s behaviour".

Steinhoff high tackle for SA Rugby?

2017-12-12 11:22

The current financial uncertainty regarding Steinhoff International Holdings could have financial implications for South African rugby.

Scopa wants Steinhoff execs to account to Parliament

2017-12-11 20:11

Parliament's oversight committee on public accounts says it intends to call the executives of global retailer Steinhoff before Parliament "early in the new year".

Steinhoff continues trade, appoints subcommittee

2017-12-11 09:45

Disgraced retail international holding company Steinhoff has established a board subcommittee to bolster independent governance following the resignation of CEO Markus Jooste over accounting irregularities.

Response to 'a Steinhoff guide for dummies'

2017-12-10 07:47

If you think that our president, Jacob Zuma, can keep people busy for years in courts then you are in for a surprise on how complicated coming court cases in this matter can be.

Markus Jooste: High life, big fall

2017-12-10 05:53

How the man behind SA’s largest corporate scandal is less than beloved by his neighbours after refusing to let them pass by his seaside plot.

Friday JSE wrap - Steinhoff sell-off continues

2017-12-09 12:49

Investors waiting for more information on accounting fraud and other financial irregularities at the global retailer to come to light.


Steinhoff vs state capture: which is the lesser of two evils?

2017-12-13 06:01

Any claim that the Steinhoff drama eclipses the economic and reputational effects of Zupta-led state capture on SA is political opportunism of the worst kind, says Solly Moeng.

Steinhoff said to win some bank support for credit extension

2017-12-12 18:48

Steinhoff International has started to gain support from key lenders as it seeks extra time to repay more than €1bn owed on a revolving credit facility, sources say.

Markus Jooste's racing interests in spotlight as regulator seeks answers

2017-12-12 17:17

The National Horseracing Authority of Southern Africa has requested clarity from Mayfair Speculators, the company dealing with former Steinhoff CEO Markus Jooste's horseracing interests.

Steinhoff shares stage partial comeback, still down 70% in a week

2017-12-12 12:35

While Steinhoff's share price has staged a partial two-day comeback this week, its stock is still down some 70% from where it was a week ago before the abrupt resignation of its CEO Markus Jooste.

Teetering Steinhoff prepares to shop around its retail assets

2017-12-12 06:01

Steinhoff International Holdings, which sells $89 mattresses to Americans and two-for-a-pound cans of tomato soup to the British, faces a potential fire sale of its global retail holdings as it battles for survival.

JSE investigating Steinhoff but won't halt trade

2017-12-11 15:58

The JSE has reiterated that it won't halt trading in Steinhoff shares, but says it is investigating the firm to determine if it has breached its listing requirements.

Market uncertainties, driven by Steinhoff, creates explosive 2017 end

2017-12-10 12:27

This week's Steinhoff scandal again taught the lesson that a “safe bet” is not always so safe, writes Bianca Botes as 2017 heads for an explosive end.

Steinhoff hits junk as R282bn in value is lost

2017-12-10 06:00

Fallout over the share crash remains at fever pitch as the finance minister and trade unions lambaste the company over possible financial irregularities.

Steinhoff calls in heavyweights to help defuse accounts crisis

2017-12-09 19:22

Steinhoff International's response to an accounting scandal that wiped €11bn from the value of the global retailer, has been to assign three board members to keep a closer eye on corporate governance.

Banks, creditors to meet Steinhoff

2017-12-09 07:45

US and European banks are among creditors with billions of dollars in exposure to Steinhoff International whose asset value has plummeted amid an accounting scandal.

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