#Steinhoff: Govt and business working together to protect pensions, financial markets

2017-12-15 20:31

Finance Minister Malusi Gigaba says SA Inc will implement a number of initiatives following the Steinhoff fallout to protect investors and SA financial markets.

Why the JSE won't suspend trade of Steinhoff shares - yet

2017-12-15 19:01

Suspending trade of Steinhoff shares will be prejudicial to shareholders and not the company, says JSE CEO Nicky Newton-King.

Markus Jooste earned R121.8m from Steinhoff in 2017

2017-12-15 14:17

Former Steinhoff CEO Markus Jooste banked a total of R121.8m in earnings in 2017 for services he provided to Steinhoff International, the audited results of Steinhoff Africa Retail reveal.

Christo Wiese quits board as Steinhoff scandal deepens

2017-12-14 22:25

Steinhoff International’s chairperson and largest shareholder, billionaire Christo Wiese, is stepping down from the supervisory board after an accounting scandal engulfed the retail giant.

Black Friday, Cyber Monday distort SA picture - economist

2017-12-13 20:18

Sales prompted by Black Friday and Cyber Monday have likely disguised indications of remaining weakness in the SA economy, says economist Mike Schüssler.

Steinhoff said to win some bank support for credit extension

2017-12-12 18:48

Steinhoff International has started to gain support from key lenders as it seeks extra time to repay more than €1bn owed on a revolving credit facility, sources say.

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.

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.

Banks, creditors to meet Steinhoff

2017-12-09 07:45

US and European banks are among creditors with billions of dollars in exposure to Steinhoff International whose asset value has plummeted amid an accounting scandal.

Christo Wiese may have lost over R30bn in less than three days

2017-12-08 14:15

SA businessman Christo Wiese may not be a dollar billionaire anymore, following the bloodbath in the share price of Steinhoff International.


PSG CEO puts Steinhoff ripple effect into perspective

2017-12-15 19:36

PSG Group does no co-investment business with Steinhoff, nor does it have any joint ventures with Steinhoff, reiterates PSG CEO Piet Mouton.

Foreign banks enforce security rights on 98m of Wiese's Steinhoff shares

2017-12-15 15:41

Various banks have enforced their security rights and sold about 98.4 million shares in Steinhoff International which belonged to billionaire Christo Wiese.

Steinhoff heading into incredibly challenging week - traders

2017-12-15 08:53

Next week will prove incredibly challenging for the entire market, but particularly for Steinhoff International, says Jordan Weir, a trader at BayHill Capital.

A quick guide to who's probing Steinhoff

2017-12-14 07:47

At least six organisations are investigating global retail giant Steinhoff International following the abrupt resignation of its CEO and the dramatic share price plunge.

October retail slows ahead of festive season sales

2017-12-13 19:05

Retail sales increased 3.2% for October, compared to the 5.7% increase reported in September as consumers held back on spending ahead of Black Friday, says an analyst.

Investec says exposure to Steinhoff negligible

2017-12-11 11:01

Investec says losses from the Steinhoff saga could come to a maximum of 3% of post-tax operating profit as the exposure represents a small portion of the group's balance sheet.

Steinhoff calls in heavyweights to help defuse accounts crisis

2017-12-09 19:22

Steinhoff International's response to an accounting scandal that wiped €11bn from the value of the global retailer, has been to assign three board members to keep a closer eye on corporate governance.

Lenders have billions at risk as Steinhoff crisis deepens

2017-12-09 11:01

Blindsided by the sudden plunge in Steinhoff shares and bonds, US and European banks have been told they’d have to wait another week to confront the global retailer over an accounting scandal.

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 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.

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