Steinhoff Africa Retail parts ways with auditor Deloitte.

2018-05-23 17:07

STAR says PricewaterhouseCoopers has been appointed as its external auditor.

Markus Jooste: Court may need to rule on parly testimony, as MP's agree on subpoena

2018-05-22 14:20

A court may need to rule whether disgraced Steinhoff CEO Markus Jooste can testify before Parliament while he is the subject of a criminal investigation.

Markus Jooste's firm in battle over SA's Rascals candy maker

2018-05-09 08:15

The investment company of former Steinhoff International CEO Markus Jooste is locked in a battle over a South African candy and drinks maker it is trying to sell to repay defaulted debt.

Steinhoff restructure: No guarantee Christo Wiese will get Pepkor back

2018-04-27 15:42

The SA billionaire also said he could not speculate whether crisis-hit retailer Steinhoff would be able to pay him back the R59bn he is claiming in a lawsuit.

Biggest Steinhoff shareholder is said to oppose two directors

2018-04-24 06:15

The Public Investment Corporation on Friday voted against the reappointment of Steve Booysen and Angela Kruger-Steinhoff to the global retailer's supervisory board, said a person familiar with the votes.

WATCH: Protesters demand punishment for Steinhoff culprits

A small protest has been staged outside the Cape Town International Convention Centre, where Steinhoff's annual general meeting was live streamed. Watch.

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Union to demand that Steinhoff appoint new board at AGM

2018-04-19 15:10

Trade union federation Fedusa says it will demand that Steinhoff appoint a new board in light of the retailer's massive share price plunge.

Steinhoff raises R3.75bn in STAR share sale

2018-04-12 10:18

The embattled retail conglomerate launched an accelerated book build sell 200 million of its shares in Steinhoff Africa Retail to help refinance debt.

Steinhoff scraps vote on extra pay for directors at AGM

2018-04-05 09:13

Chairperson Heather Sonn says Steinhoff does not want the proposal for once-off payments to detract from 'critical matters' to be considered at its upcoming Annual General Meeting.

WATCH: 10 basic items now more expensive than a Steinhoff share

2018-04-04 14:03

Once referred to as the 'Ikea of Africa', shares in Steinhoff have plunged by over 90% since the abrupt resignation of its CEO Markus Jooste. Fin24 has compiled a list of 10 basic items now more expensive than a single Steinhoff share.


No foul play in dividend to transfer Lodestone shares - Jooste son-in-law

2018-05-22 22:00

The declaration of a dividend in specie (a distribution in a form other than cash) – which included the transfer of Lodestone shares from Mayfair Speculators to Mayfair Holdings – was above board, says Stefan Potgieter.

Parties to meet as Markus Jooste's Mayfair aims to 'offload' Lodestone stake

2018-05-18 18:06

Deliberations are expected soon in the court application by minority shareholders in Lodestone, in a bid to prevent Markus Jooste's Mayfair from selling its shareholding in the company.

Markus Jooste's investment firm hires business rescue experts

2018-05-08 11:37

Steinhoff International's ex-CEO Markus Jooste’s personal investment company has hired two business rescue practitioners as it embarks on an asset sale to repay creditors.

Markus Jooste set to cash in after striking deal with banks

2018-04-25 10:19

Steinhoff International former CEO Markus Jooste has been thrown a lifeline by banks as the global retailer he oversaw for 18 years struggles to survive an accounting scandal that happened under his watch.

Translating masses of Steinhoff docs from English slows German criminal probe

2018-04-21 16:45

German authorities are struggling to analyse a wealth of financial documents seized from a Steinhoff subsidiary in late 2015 as the documents are written in English.

All eyes on Steinhoff's first AGM since accounting fiasco hit global retailer

2018-04-20 06:40

Steinhoff shareholders will get the opportunity to pose questions directly to the company’s leadership, when the global retailer holds its Annual General Meeting in the Netherlands.

Johan van Zyl steps down from Steinhoff board ahead of AGM

2018-04-18 15:24

Johan van Zyl, a member of Steinhoff’s supervisory board, has stepped down just days before the global retail group’s annual general meeting.

Steinhoff’s board behaved badly. Why it needs to be held to account

2018-04-09 14:31

It’s becoming clearer by the day that the rot that caused the corporate scandal at furniture retailing giant Steinhoff International goes much deeper than its former CEO Markus Jooste.

Steinhoff shares plunge by another 10%

2018-04-04 18:22

The share price drop comes after the retailer announced the true value of a property portfolio owned by one of its European subsidiaries may be R16bn less than previously calculated.

Steinhoff cuts estimated value of major European property portfolio

2018-04-04 06:45

The global retailer has said that the true value of a real estate portfolio owned by one of its European subsidiaries may be up to R16bn less than previously calculated.

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