Steinhoff lawsuit seeks damages for period not covered in other countries - attorney

2018-08-10 17:45

A class action lawsuit mounted against Steinhoff is an "international loss recovery effort", an attorney connected to the case said on Friday.

Steinhoff Africa Retail to officially change name to Pepkor in mid-August

2018-08-03 15:02

STAR previously said that the Pepkor brand had an 'incredible legacy and history of success'.

BOOK EXTRACT: Steinhoff - the bombshell hits

2018-07-23 10:26

A big question mark hangs over the actions of the investment and financial community in South Africa. How did so many completely miss the Steinhoff signs, asks James Brent-Styan.

Steinhoff shares have nearly doubled in 5 days - and one investor expects a violent move

2018-07-12 15:07

Steinhoff is the third most shorted stock on the market.

Steinhoff shares jump 40%, reach best price in two months

2018-07-03 15:05

Unaudited half-year financials released by Steinhoff on Friday, while far from positive, appear to have provided investors with a measure of clarity.

Steinhoff write-offs pass R198 billion as accounts crisis deepens

2018-06-30 13:06

Steinhoff has written off the value of assets by €12.4bn (about R198bn) and counting, as the embattled retailer works out what it can salvage from the wreckage of an accounting scandal.

Steinhoff posts R2.4 billion operating loss for first half of financial year

2018-06-29 18:52

The embattled furniture and retail giant posted a R2.4bn operating loss for the first half of the current financial year, up from a loss of €44 over the corresponding previous period.

Hawks investigating three cases of fraud at Steinhoff, its subsidiaries

2018-06-29 15:34

Police Minister Bheki Cele has confirmed that the Hawks are investigating three cases related to allegations of fraud at Steinhoff and its subsidiaries.

Steinhoff asks creditors for additional-three week lifeline

2018-06-27 17:17

The troubled retailer says it has asked creditors to extend debt lifelines to two of its European subsidies by an additional three weeks.

Court reserves judgment in Markus Jooste-linked Lodestone case

2018-06-08 18:51

The high court has reserved judgment in a case brought by minority shareholders in Lodestone, seeking an interim order to prevent Mayfair and others from selling their shareholding in the company.


Firms linked to Markus Jooste, Claus Daun bagged millions dealing in cheap JD stock

2018-08-08 08:38

A few years after taking the reins of the retailer that became Steinhoff International, Markus Jooste was involved in a series of complex trades that yielded a multimillion-rand payday for companies linked to him and board member Claas Daun.

Steinhoff's Dirk Schreiber steps down amid push to improve oversight

2018-07-25 18:01

Steinhoff International Holdings has replaced Dirk Schreiber on the boards of two key units as the embattled retailer seeks to bolster independent oversight.

Steinhoff stock above R3 apiece for the first time since April

2018-07-13 14:18

Shares in the embattled global retailer have been on the rise – albeit off a low base – since it announced details of its proposed restructuring earlier this week.

Steinhoff bought forests linked to executives at inflated prices

2018-07-10 08:22

A company linked to executives of Steinhoff bought South African forestry plantations and then sold them for five times their original value.

Steinhoff's $13bn triumph for bean-counters

2018-07-03 06:01

Steinhoff’s liabilities due within 12 months vastly exceed its current assets. And what's a formality for most companies - confidence that it can keep the lights - is far from self-evident, argues Chris Bryant.

THE STEINHOFF SAGA: Part three - Crimes of entitlement

2018-06-30 09:00

In a series of in-depth features, the University of Stellenbosch Business School sheds light on Steinhoff's remarkable growth – and spectacular collapse. This is part three: when charismatic leaders turn corrupt.

Creditor groups extend support to Steinhoff subsidiaries

2018-06-29 17:06

The embattled retail group announced that two of its European subsidiaries had received three-week debt repayment lifelines from creditor groups.

THE STEINHOFF SAGA: Part two - The board that looked the other way

2018-06-29 06:20

In this part of a series of in-depth features, the University of Stellenbosch Business School sheds light on how governance (or lack of it) possibly contributed to Steinhoff's now-disastrous position.

Markus Jooste profited big time from Steinhoff land deal, filings show

2018-06-22 13:37

In a set of property deals reviewed by Bloomberg, companies linked to former CEO Markus Jooste and Steinhoff associates profited by hundreds of millions of rand between 2002 and 2007.

Steinhoff wins support for standstill from most creditors

2018-06-07 09:08

Steinhoff International has won support from a majority of its key creditors for a standstill agreement through the end of June, giving the retailer breathing space to avoid insolvency proceedings.

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