Steinhoff, Tongaat woes raise auditor scrutiny

2019-06-09 13:48

Accounting scandals are spurring auditors to weigh tougher measures for the profession, says Bernard Agulhas, the head of SA’s Independent Regulatory Board for Auditors.

Steinhoff report reveals maelstrom of conflicts of interest

2019-05-10 20:12

Steinhoff International was for many years run by a board of tight-knit people, many of whom had done business together for decades.

One year on, Steinhoff's Jooste is still left in peace

2018-12-05 22:01

It’s exactly a year since Markus Jooste quit as CEO of Steinhoff International at the start of an unfolding accounting scandal and share-price collapse. Yet so far, the 57-year-old has been largely left in peace.

Steinhoff said to consider sale of multi-billion rand Conforama properties

2018-10-31 14:51

Steinhoff International is considering the sale of properties within Conforama, the latest move by the embattled retailer to shore up its balance sheet.

Chris Bryant: Mattress Firm bankruptcy is a corporate nightmare

2018-10-09 06:00

Steinhoff’s decision to pay a 115% premium to acquire Mattress Firm in 2016 was inexplicable. So it’s odd that Steve Stagner, who helped negotiate the sale and profited handsomely, is in charge still, writes Chris Bryant.

 WATCH: Markus Jooste's top quotes to Parliament

Markus Jooste, the former head of the embattled retailer Steinhoff, fielded questions from MPs in Parliament on the conglomerate's governance and share price collapse. These are News24's top picks. Watch.

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Christo Wiese: All I want to know from Steinhoff's Markus Jooste is, ‘Why’?

2018-09-04 19:20

Almost nine months to the day since Steinhoff began its precipitous fall on December 6 last year, its 57-year-old former CEO Markus Jooste will come out of seclusion to face a grilling at Parliament on Wednesday.

#Steinhoff: Seven things you need to know from La Grange's testimony

2018-08-29 20:01

Former Steinhoff CFO Ben la Grange presented evidence before a joint sitting of four Parliamentary committees on Wednesday. Here are the key things you need to know.

Markus Jooste to testify under oath before Parliament in early September

2018-08-28 15:18

It will be the first time that Jooste has publicly spoken out about what happened at Steinhoff since he abruptly resigned in December 2017.

Parliament to order former Steinhoff CEO Markus Jooste to testify

2018-08-21 18:56

Jooste has not spoken publicly about what transpired at Steinhoff since he abruptly stepped down from his role as CEO in early December 2017.


Steinhoff faces German mass investor action as court opens case

2019-05-23 11:43

Shares in the embattled Stellenbosch-headquartered retailer fell 7% on news it is facing a mass investor lawsuit in Germany.

Financial regulator clears 3 accounts for Steinhoff insider trading

2019-04-11 10:31

The Financial Sector Conduct Authority says it will continue probing other accounts for potential insider trading prior to the retailer's share price collapse in December 2017.

Steinhoff report to police said to include three executives plus Jooste

2018-11-07 12:30

Steinhoff International has provided South African police with information about a set of transactions involving three more former executives who may have contributed to its accounting crisis.

Steinhoff accounting scandal now putting lives at risk

2018-10-25 13:05

Now that donor, Steinhoff International [JSE:SNH], is struggling to survive what could be the worst accounting scam in South African history - charities are bracing for the day the support vanishes.

Shareholders win right to sue Steinhoff in Netherlands

2018-09-26 18:27

A shareholder group got a green light to sue Steinhoff International in the Netherlands, kicking off a legal fight to recover some of the billions of dollars investors lost.

‘It wasn’t me’ – decoding former Steinhoff CEO Markus Jooste

2018-09-05 14:25

Markus Jooste delivered a remarkable performance in Parliament on Wednesday during a joint meeting of various parliamentary committees, pinning the virtual collapse of Steinhoff International on external factors rather than his own conduct.

Steinhoff to sell remaining interests in POCO for R4.7bn

2018-09-04 11:25

In April, the embattled retail conglomerate had already agreed to sell half of the German furniture chain to former business partner Andreas Seifert.

Steinhoff's former CFO Ben La Grange to appear before Parliament

2018-08-29 07:27

La Grange will appear before a joint sitting of four Parliamentary committees to talk about “institutional flaws and challenges” facing the country’s financial regulatory framework.

Parliament confirms subpoena served on Markus Jooste to testify next week

2018-08-23 18:03

Jooste, who abruptly resigned from Steinhoff in December 2017 after auditors flagged accounting irregularities in its books, has not spoken publicly about what transpired there..

Steinhoff suspends ex-CFO Ben La Grange amid accounts probe

2018-08-21 17:01

While La Grange stepped down from his roles at the firm earlier this year, he remained on short-term consultancy deals.

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