Steinhoff to delay Pepco sale as unit’s CEO takes leave

2020-03-12 12:13

Steinhoff is delaying the potential sale of its European retail arm Pepco Group amid heightened market volatility and the illness of the unit's chief executive officer, people with knowledge of the matter said.

Maimane did no wrong, says DA internal investigation on Steinhoff car, R4m home

2019-10-04 17:26

The DA's financial committee has cleared party leader Mmusi Maimane of any wrongdoing following allegations that he drove a car bought by Steinhoff's Markus Jooste and declaring a R4m Claremont home as his own.

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.

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.

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.

Steinhoff to update investors on status of turnaround plan

2019-08-13 06:00

The Stellenbosch-headquartered retailer is set to update investors on the status of its turnaround plan, after a dramatic plunge in its share price shrank its market capitalisation by over R200bn.

Steinhoff considers IPO of Pepkor Europe

2019-08-07 05:30

Steinhoff is considering an initial public offering of Pepkor Europe, its fastest-growing unit, as the scandal-hit retailer seeks funds for the next phase of its recovery plan.

SAICA suspends Markus Jooste amid disciplinary proceedings

2019-07-25 20:57

The South African Institute of Chartered Accountants announced that it has suspended the former Steinhoff International CEO pending the finalisation of disciplinary proceedings against him.

Steinhoff’s window-dressing reveals the devil is in the details

2019-07-15 14:51

It’s quite understandable that Steinhoff International Holdings wants to create a favourable impression - The embattled retailer is in the final month of debt-restructuring talks, after all.

Steinhoff set to release half-year earnings report

2019-07-12 07:30

Steinhoff is set to publish its 2019 half-year results on Friday, which will give investors some insight into how the scandal-plagued retailer's turnaround strategy is playing out.


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.

Solly Moeng: Markus, Maimane, and the sinister rite of passage

2019-10-02 06:01

Mmusi Maimane has been given a unique opportunity to demonstrate that he will not follow in the predictable footsteps of others in politics, says Solly Moeng.

'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".

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 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

Five things to know about the court case against former Steinhoff CEO Markus Jooste

2019-08-07 21:14

The former CEO of the scandal-plagued global retailer is being sued for allegedly enticing a trust to swap its shares in the PSG Group for Steinhoff shares in June 2015.

'My dear friend, I apologise': Texts reportedly from Markus Jooste revealed in court docs

2019-08-06 19:24

An SMS which Markus Jooste, former chief executive of Steinhoff, allegedly sent to a friend, was revealed in a trial relating to legal action against him and Steinhoff.

WATCH: Rupert, Steinhoff and Wiese - Unpacking 'The Stellenbosch Mafia' with Pieter du Toit

2019-07-23 11:26

In his latest book, Pieter du Toit - News24's Assistant Editor for in-depth news - explores the roots of Stellenbosch, and closely examines its "club" of billionaires.

Steinhoff says road to recovery still long

2019-07-12 19:46

Steinhoff says the work of rehabilitating the company is far from over, as the scandal-hit conglomerate outlined the steps it has taken to stabilise the business.

The Sunday Read by Ferial Haffajee: Why Markus Jooste and Jacob Zuma are two peas in a pod

2019-06-30 09:31

Former Steinhoff CEO Markus Jooste and former president Jacob Zuma have a lot in common: both have perpetrated the biggest frauds in South Africa, writes Ferial Haffajee.

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