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 wants Markus Jooste to pay back R870m - report

2019-06-26 16:05

Steinhoff has filed papers in the Cape Town High Court in an attempt to claw back hundreds of millions of rands from its former CEO Markus Jooste and its ex-CFO Ben la Grange, according to the Financial Mail.

Steinhoff announces loss of almost R20bn for 2018

2019-06-18 22:55

The Stellenbosch-headquartered conglomerate published its delayed 2018 earnings report on Tuesday evening after the close of SA markets.

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.

Steinhoff raises questions on future as legal claims mount

2019-05-09 10:13

Steinhoff says its ability to operate as a going concern is under threat from a range of challenges including mounting legal claims and a debt load that the company is working to restructure.


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.

Steinhoff shares fall by 8% after earnings report shows R19.3bn loss for 2018

2019-06-19 09:28

The group had delayed publishing its 2017 and 2018 earnings reports to give auditors PwC time to complete a 15-month forensic probe into its books.

Steinhoff set to release its delayed 2018 earnings report

2019-06-18 06:00

The Stellenbosch-headquartered retailer has predicted that its audited 2018 financial results would show reduced net sales due to disposals, a weak global economy, strong competition and reputational damage.

Steinhoff falls 15% as market reacts to glum 2017 earnings report

2019-05-09 12:25

The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.

All eyes on Steinhoff as shares resume JSE trade after public holiday

2019-05-09 06:00

The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.

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