The relief sought by the NMF was misconceived and the court's approach therefore correct, writes Serjeant at the Bar.
High level clouds. Mild.
The Stellenbosch-headquartered retail conglomerate published its long-delayed 2017 earnings late on Tuesday.
Steinhoff published its long-awaited audited annual report for 2017 just before midnight on Tuesday. From ongoing criminal investigations to questionable bonuses amid major losses, these are the seven key highlights.
Markus Jooste delivered a remarkable performance in Parliament on Wednesday during a joint meeting of various parliamentary committees, pinning the virtual collapse of Steinhoff International on external factors rather than his own conduct.
Steinhoff is the third most shorted stock on the market.
Markus Jooste's testimony in Parliament on Wednesday contradicted former Steinhoff CFO Ben la Grange’s testimony, as well as former chairperson Christo Wiese's version of events.
The Bank of England is concerned that KPMG's South African activities could jeopardise the rest of its international network.
It's too early to say how the fall of Steinhoff will eventually play out. Nonetheless, it's possible to distil some key learning points from the Steinhoff case.
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