In the absence of a credible opposition party to challenge the ANC, perhaps the IMF is best placed to help the party, writes Ayabulela Dlakavu.
The Stellenbosch-headquartered retailer has given its first public investor presentation since its share price plunged in late December 2017 at the start of an accounting scandal.
Steinhoff’s former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse.
Follow our live updates from Parliament where Steinhoff executives, the Hawks, the NPA and other regulatory bodies have been briefing Parliament on the status of investigations into the group.
Sixteen months since its disgraced former CEO Markus Jooste resigned, Stellenbosch-headquartered global retail and furniture group Steinhoff published an 11-page overview of a forensic report by PricewaterhouseCoopers into the company's financials.
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 shares rose by 27% on Wednesday afternoon after it announced it had started a consent process with creditors to finalise a debt restructuring plan.
After extending its slide from the previous session's 10% drop, shares in global furniture and retail conglomerate Steinhoff International reached a new low in early trade.
Companies in Christo Wiese’s Titan Group announced on Thursday they are suing embattled retailer Steinhoff for R59bn.
Steinhoff shareholders will get the opportunity to pose questions directly to the company’s leadership, when the global retailer holds its Annual General Meeting in the Netherlands.
After gaining 10% earlier in the week, shares in Steinhoff have returned to where they were trading before the multinational retailer released an overview of the PwC forensic report into its books.
From naming former Steinhoff CEO Markus Jooste as one of eight executives implicated in the PwC forensic report, to arguments around who can have access to the 15 000-page document, here are four things to know from Steinhoff's first appearance before Parliament in 2019.
Here's what you need to know to get up to date with what's happened at Steinhoff since December 2017 as its leadership, together with the Hawks and the NPA, gets ready to brief Parliament.
The former Steinhoff CEO was able to bluster his way through a three-hour appearance at Parliament on Wednesday instead of being subject to cross-examination in a criminal trial, says Ferial Haffajee.
Former Steinhoff CEO Markus Jooste is on Wednesday expected to make his first public appearance since auditors flagged irregularities in the retailer’s accounts.
Steinhoff Africa Retail released a statement in which it sought to clarify matters involving the founder of its subsidiary Trekkie Town Braam van Huyssteen, following his resignation.
The embattled retailer was reacting to news that companies in Wiese's Titan Group had instituted a R59bn claim against it for investments made in 2015 and 2016.
Fin24 takes a look at the events of recent months which saw the once giant Steinhoff nearly collapse.
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