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 says Markus Jooste got $2.4 million bonus without approvals

2019-05-08 13:41

Steinhoff's former chief executive officer received almost $2.4m of bonuses without required approvals in the months before the global retailer almost collapsed amid an accounting crisis.

Steinhoff to release restated financial results for 2017

2019-05-07 06:30

Steinhoff is set to release its restated and audited financial results for 2017 on Tuesday, giving investors insight into how a yearlong forensic probe by PwC has altered the multinational retailer's financial position.

Steinhoff's former CFO assisting authorities with investigations

2019-03-20 13:58

Steinhoff’s former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse.

Markus Jooste wall of shame tagged again?

2019-03-19 17:16

In Markus Jooste's hometown of Hermanus, the former Steinhoff chief executive was given a rude awakening right on his doorstep.

Your cheat sheet on Steinhoff as its execs head back to Parly

2019-03-19 05:00

Here's what you need to know to get up to date with what's happened at Steinhoff since December 2017 as its leadership, together with the Hawks and the NPA, gets ready to brief Parliament.

Forensic report into Steinhoff shows top execs inflated profits for years

2019-03-15 18:25

The Stellenbosch-headquartered retailer has provided an overview of a long-awaited forensic probe into its financial statements by PricewaterhouseCoopers Advisory Services.

Steinhoff shareholders want Amsterdam court to launch inquiry

2019-02-21 10:29

A group of Steinhoff shareholders has petitioned the Enterprise Chamber of the Amsterdam Court of Appeal to launch an inquiry into the global retailer.

Steinhoff's salvage process stalls as former partner digs in

2019-01-11 17:57

Steinhoff's effort to rescue its European business has been delayed after a challenge from a company linked to Andreas Seifert, its former Austrian partner.


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.

Steinhoff still hopes to publish results on Tuesday, but may again delay

2019-05-07 17:50

The embattled retailer previously announced it would publish the long-awaited results on Tuesday, which would set out its restated financial position for 2017 in the wake of a forensic probe.

Steinhoff's share bounce fizzles out

2019-03-20 19:07

After gaining 10% earlier in the week, shares in Steinhoff have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books.

Four key things to know from Steinhoff's briefing to Parliament

2019-03-19 18:04

From naming former Steinhoff CEO Markus Jooste as one of eight executives implicated in the PwC forensic report, to arguments around who can have access to the 15 000-page document, here are four things to know from Steinhoff's first appearance before Parliament in 2019.

STEINHOFF WRAP: MPs slam Hawks for slow progress

2019-03-19 09:35

Follow our live updates from Parliament where Steinhoff executives, the Hawks, the NPA and other regulatory bodies have been briefing Parliament on the status of investigations into the group.

The top 5 things to know about the PwC report into Steinhoff and the questions that still remain

2019-03-18 06:30

Sixteen months since its disgraced former CEO Markus Jooste resigned, Stellenbosch-headquartered global retail and furniture group Steinhoff published an 11-page overview of a forensic report by PricewaterhouseCoopers into the company's financials.

UPDATE: Steinhoff to receive long-awaited PwC forensic report

2019-02-27 05:30

Fourteen months after it was hired to conduct an independent forensic investigation into Steinhoff, PwC is expected to submit its long-awaited report to the company's leadership.

Slow progress on Steinhoff sends negative message to investors about SA

2019-02-09 13:40

Unethical behaviour has a major impact, not only on the business involved, but also on the image of the private sector, says Mlondi Mdluli.

From Steinhoff to 'pimping' the budget: 2018's top moments from inside Parly

2018-12-27 12:41

Fin24 reflects on some of 2018's top moments within the walls of Parliament.

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