ARTICLES RELATING TO ACCOUNTING FRAUD

SA authority fines Steinhoff a record R1.5bn - but it only needs to pay R53m

2019-09-12 12:18

Given Steinhoff’s current financial position, it will waive the bulk of the fine to only levy a penalty of R53m.

Jooste: I will be opposing Steinhoff claim

2019-07-03 19:46

Markus Jooste's legal team indicated on Wednesday that he would be opposing Steinhoff's civil claim of around R858m.

Tongaat Hulett scandal: Deloitte replaces senior auditors and launches an internal investigation

2019-06-04 17:39

Deloitte has been Tongaat’s auditors for more than 15 years.

Steinhoff delays publication of audited financial statements

2019-04-05 11:05

The multinational retailer has announced it will delay the publication of it audited financial statements due to the complexity of the accounting and audit work required.

PIC said to face Steinhoff probe

2018-12-10 19:48

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter.

Tesco CEO knew things were bad, they were about to get worse

2018-10-11 17:13

Tesco Chief Executive Officer Dave Lewis got 1 300 emails from staff calling for change in his first days in the role. The troubled supermarket’s situation was about to get much worse.

Lenders give Steinhoff's Jooste more time to pay up

2018-09-25 17:55

Banks granted Steinhoff's former CEO, Markus Jooste, another extension to pay back his debt, as the global retailer that he headed struggles to survive an major accounting scandal.

La Grange's input 'insightful', say MPs

2018-08-29 20:45

Members of Parliament have found the evidence presented by former Steinhoff CFO Ben la Grange to be "insightful", providing more clarity on what went wrong at the retailer.

We're not friends - Steinhoff ex-CFO blames Jooste, auditors for accounting scandal

2018-08-29 18:16

Steinhoff's Ben La Grange has blamed departed leader Markus Jooste and auditors for the retailer’s accounting scandal, saying he became aware of any wrongdoing only days before the crisis erupted.

VBS CEO probe one of 265 others as Saica seeks to restore faith in accounting field

2018-07-26 14:34

Saica says it is determined to restore faith in the accounting profession - and the investigation into VBS CEO Andile Ramavhunga is one of 265 underway.

 

Five things to know about the court case against former Steinhoff CEO Markus Jooste

2019-08-07 21:14

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.

Steinhoff wants Jooste joined to Tekkie Town court case

2019-06-10 17:28

Bernard Mostert, one of the former owners of Tekkie Town, told Fin24 that "when we are successful against Steinhoff, Steinhoff will rely on this motion to claim damages from Jooste".

Another SA company has admitted its financials are wrong - what you need to know about the crisis at Tongaat Hulett

2019-06-04 07:23

Professional investors are drawing comparisons to Steinhoff.

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.

South Africa probes seven accounts for Steinhoff insider trading

2018-12-07 13:30

South Africa’s financial regulator is investigating seven trading accounts that sold Steinhoff International Holdings NV shares in the weeks leading up to the global retailer’s disclosure of accounting irregularities and subsequent share-price collapse a year ago.

Shareholders win right to sue Steinhoff in Netherlands

2018-09-26 18:27

A shareholder group got a green light to sue Steinhoff International in the Netherlands, kicking off a legal fight to recover some of the billions of dollars investors lost.

Video
 WATCH: Markus Jooste's top quotes to Parliament

Markus Jooste, the former head of the embattled retailer Steinhoff, fielded questions from MPs in Parliament on the conglomerate's governance and share price collapse. These are News24's top picks. Watch.

0 comments13719 Views

9 things you should know about Steinhoff’s appearance in Parliament – and why its shares surged 25%

2018-08-29 19:57

Steinhoff share price rose from R2.22 to R3.00 during the course of a hearing on Wednesday, before closing at R2.75, as investors liked what they heard.

Saica's hearing against accountant Khaya Sithole to continue

2018-08-29 09:39

The South African Institute of Chartered Accountants (Saica) inquiry into chartered accountant, commentator and former Wits lecturer Khaya Sithole is set to resume on Wednesday.

Steinhoff may be the tip of the iceberg - author

2018-07-24 12:52

Steinhoff raises the question of 'how much of our financial system is a deck of cards that can come tumbling down at any minute', says James-Brent Styan, author of a new book on the retailer's collapse.

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