The arms deal judgment will have implications for future commissions of inquiry. The Gauteng High Court in Pretoria set aside the findings of the 2015 Seriti commission report into the billion-rand arms deal.
Light rain. More sun than clouds. Cool.
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.
Steinhoff has filed papers in the Cape Town High Court in an attempt to claw back hundreds of millions of rands from its former CEO Markus Jooste and its ex-CFO Ben la Grange, according to the Financial Mail.
The Stellenbosch-headquartered conglomerate published its delayed 2018 earnings report on Tuesday evening after the close of SA markets.
Shares in the embattled Stellenbosch-headquartered retailer fell 7% on news it is facing a mass investor lawsuit in Germany.
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 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.
The group had delayed publishing its 2017 and 2018 earnings reports to give auditors PwC time to complete a 15-month forensic probe into its books.
The Stellenbosch-headquartered retailer has predicted that its audited 2018 financial results would show reduced net sales due to disposals, a weak global economy, strong competition and reputational damage.
The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.
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