KAP distances itself from embattled Steinhoff

2018-02-14 07:37

KAP Industrial Holdings, which is 43% owned by Steinhoff International, is scrapping two business deals with the group.

Wiese suffers billions in losses as he cuts stake in Steinhoff

2018-02-12 11:45

The SA billionaire and former Steinhoff chair has cut his stake in Steinhoff International Holdings to 6.2%.

French bank said to auction off R2.2bn in Steinhoff debt

2018-02-07 16:59

The debt sale by Natixis SA will add to a spate of Steinhoff debt sales since the retailer flagged accounting irregularities in its books last year.

Steinhoff seeks bond waivers, confirms summons

2018-02-06 14:33

The global retail conglomerate its seeking waivers from the holders of R40.2bn of its bonds over its delayed 2017 financial statements.

Steinhoff announces dividend freeze, creditor waiver proposals

2018-02-02 16:16

The retailer is set to recommend that certain of its financial creditors support it by providing waivers, as it seeks to hold onto its money.

Steinhoff goes to Parliament: 5 key takeaways

2018-02-01 18:41

The top leadership of the embattled retailer, including its former chair Christo Wiese, answered questions about Markus Jooste, financial irregularities and its sharp share price decline.

Steinhoff files show Jooste 'repeatedly lied' to investors and regulators - PSA

2018-01-26 12:53

The Public Servants Association says a preliminary review of documents shows Steinhoff ex-CEO Markus Jooste repeatedly provided assurances in reports that the group's financial health was sound.

PSA wants to join class action case against Steinhoff

2018-01-25 16:48

The Public Servants Association says it wants to recoup money the Public Investment Corporation had invested in Steinhoff via state employee pension funds.

Our fight is not with Sun Met, but against Markus Jooste - union

2018-01-24 16:38

The Public Servants Association says that while a protest is set to take place at the race, it would be a broad “solidarity protest” against Markus Jooste, and not against the race itself.

Steinhoff wants to sell 29.5 million PSG shares to boost cash reserves

2018-01-22 11:45

The embattled Stellenbosch-headquartered global furniture group says the sale of 29.5 million shares in PSG Group Limited will only go ahead if it is offered an 'acceptable' price.


Reduction in Steinhoff shareholding a forced sale, says Christo Wiese

2018-02-13 06:45

The former chairperson of Steinhoff International Holdings has had his stake in the global retailer cut to about 6% from 20.5%.

Investec's Bernard Kantor caught in Steinhoff headlights

2018-02-09 16:58

Disgraced former Steinhoff boss Markus Jooste’s horse racing company, Mayfair Speculators, has refused to repay a R250m credit facility extended to the company by Investec.

Hawks meet with Steinhoff leadership, but no charges yet against Markus Jooste

2018-02-07 11:10

The Hawks have met with the chairperson of Steinhoff’s audit committee and director Steve Booysen over a document outlining the firm's suspicions that Markus Jooste had contravened the corruption act.

Court cases mounting against Steinhoff

2018-02-05 12:37

Steinhoff is now facing at least two class-action style lawsuits in Europe, as aggrieved investors try and recoup losses from its share price plunge.

Steinhoff’s angry hometown erases traces of its fallen star

2018-02-02 07:22

As thousands gathered near Cape Town last weekend for South Africa’s oldest horse race, five-time owner-of-the-year Markus Jooste was nowhere to be seen. But he wasn’t forgotten.

Did Steinhoff’s board structure contribute to the scandal?

2018-01-29 06:27

Steinhoff's two-tier board structure may have led to its undoing, writes Owen Skae, associate professor and director at Rhodes Business School.

Inside Labour: Jooste, Sun Met and union pickets

2018-01-26 06:00

Unions can - and should - play a vital role in challenging a system that encourages profiteering and allows the rich and powerful to bribe state organs to do their bidding, says Terry Bell.

PSA won't disrupt Sun Met, but Cosatu may over Jooste

2018-01-25 14:20

While the Public Servants Association says it won't disrupt the upcoming Sun Met horse race, Cosatu in the Western Cape is set to picket at the gates of Kenilworth Racecourse.

Agent accuses Jooste’s horse racing firm of withholding R1m commission

2018-01-23 11:59

Mayfair Speculators, the company used by Markus Jooste to conduct his horse racing interests, has been accused by a horse selling agent of withholding a commission.

WATCH: Call to widen Sun Met boycott over Jooste's horses

2018-01-19 16:08

The Public Servants Association is adamant that civil society should join the boycott against the Sun Met, as Markus Jooste's horses will still be part of the race.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.