The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
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.
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 Investments had hoped to publish its annual results by the end of September.
DA leader Mmusi Maimane drove around in a car that was a gift from Markus Jooste, Rapport reported on Sunday.
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.
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 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.
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.
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 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.
The Stellenbosch-headquartered retailer says that, part of its litigation strategy may include equity issuance.
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.
DA leader Mmusi Maimane says the latest report on his party's link with disgraced former Steinhoff boss Markus Jooste is a "smear campaign".
Steinhoff leadership says at its AGM that a 3 000-page forensic probe into an accounting scandal would remain confidential.
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
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.
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.
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 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.
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.
Cape Town Southern SuburbsLiberty Financial Advisers
BellvilleTumaini ConsultingR300 000.00 Per Year
R 2 950 000
Apartments / Flats
R 1 750 000
R 4 800 000
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