Twitter sinks after analyst flags accounting 'smoke and mirrors’

2018-09-17 21:35

Twitter shares are sliding after one Wall Street bear rang the alarm on the firm’s spending, flagging “smoke and mirrors on the cost line”.

Jooste pins Steinhoff collapse on businessman Andreas Seifert

2018-09-05 16:10

Steinhoff’s former CEO Markus Jooste has blamed the collapse of the share price on market uncertainty created by the delayed release of the 2017 financial statements due to allegations of accounting irregularities by a former business associate.

Not all equal under Saica laws – Khaya Sithole

2018-06-24 06:26

The SA Institute of Chartered Accountants has come under fire for gunning for one of its prominent young critics while letting the industry’s biggest sinners off the hook.

Saica lambasted for ‘dropping the ball’

2018-06-17 08:03

The SA Institute of Chartered Accountants has come under fire by industry stakeholders for "failing" its members and dropping the accounting profession "into the gutter".

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.

Union wants Markus Jooste banned from Cape Town horse race

2017-12-09 13:15

Public Servants Association has asked the organisers of a Cape Town horse race to ban former Steinhoff CEO Markus Jooste from entering his animals into the competition.

Steinhoff share price: From R46 to R6 in under three days

2017-12-08 10:08

Steinhoff International's share price dropped to under R6 after CEO Markus Jooste's departure amid an accounting scandal.

Steinhoff fights to survive after share plunge reaches 80%

2017-12-07 17:50

Steinhoff International has extended a record rout as concerns over an accounting scandal at the global furniture and clothing retailer outweighed its efforts to stay afloat by selling assets.

KPMG highlights need for reforms in sector - SARB

2017-11-10 08:58

The developments around audit firm KPMG following its implication in state capture has stressed the need to introduce reforms in the auditing and accounting professions, said Deputy Reserve Bank Governor Francois Groepe.

 

Maintaining a clean numbers business

2018-09-16 11:06

The Auditing Profession Act amendments are part of continued regulatory improvement for public protection, writes Bernard Agulhas.

Wiese: Forensic report will reveal what went wrong at Steinhoff

2018-07-20 19:50

Former Steinhoff board chairperson Christo Wiese said that the forensic investigation into the global retailer would ultimately reveal how accounting fraud took place.

Saica's transparency bid - a public hearing for commentator Khaya Sithole

2018-06-22 16:43

In a bid to be seen as more transparent, the SA Institute of Chartered Accountants has opened disciplinary processes to the public.

Delayed report on former KPMG employees to be released soon

2018-05-29 20:41

The inquiry into some former KPMG employees is now entering the final stages and the report will be released by the end of June, says Advocate Dumisa Ntsebeza.

Steinhoff hits junk as R282bn in value is lost

2017-12-10 06:00

Fallout over the share crash remains at fever pitch as the finance minister and trade unions lambaste the company over possible financial irregularities.

WATCH: Making sense of what's happening at Steinhoff

2017-12-08 16:15

Steinhoff International Holdings, the prized jewel in many an investment portfolio, has gone from hero to nearly zero in less than 60 hours, as Fin24 presenter Moeshfieka Botha explains.

Steinhoff woes mount as Moody's downgrades retailer by four notches

2017-12-08 07:07

Moody's Investors Service downgraded Steinhoff by four notches to B1, and placed the rating on review for further downgrade as an accounting scandal roils the global retailer.

Christo Wiese jumps in as Steinhoff CEO quits over accounting failures

2017-12-06 07:03

Steinhoff International's CEO Marcus Jooste has resigned with immediate effect after the global furniture and clothing retailer reported irregularities in its accounts that require further investigation.

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