Markus Jooste: Court may need to rule on parly testimony, as MP's agree on subpoena

2018-05-22 14:20

A court may need to rule whether disgraced Steinhoff CEO Markus Jooste can testify before Parliament while he is the subject of a criminal investigation.

Markus Jooste just sold this exclusive plot for R13 million - turning a R2.5 million profit in less than 2 years

2018-05-17 14:15

The undeveloped plot is in Val de Vie’s elite Gentlemen's Estate.

Steinhoff at a record low as the JSE waits for German decision on its suspension

2018-05-15 11:39

Steinhoff is tanking as the JSE waits for the Frankfurt Securities Exchange to decide whether trading should be suspended.

Steinhoff may be claiming back executive bonuses worth R176 million from these three individuals

2018-05-10 17:09

Three executives could be on the hook: Markus Jooste, Ben la Grange, and Danie van der Merwe.

Steinhoff ‘is not an Enron’ or ‘a Bernie Madoff’ says Christo Wiese

2018-04-28 15:42

There are excellent businesses in the Steinhof group, magnate Christo Wiese said in a new interview. The ones he sold it, for instance.

Five finance stories you need to know to start your day

2018-04-27 05:45

Christo Wiese sues Steinhoff, bus strike negotiations remain deadlocked, petrol price to increase, network operators must roll over data, and SARB warns debt at state-owned enterprises threatens financial stability.

Beware the cult of personality

2018-04-25 16:39

Don’t buy a stock just because the key player in its management team seems to be a superstar – things can still go wrong.

Biggest Steinhoff shareholder is said to oppose two directors

2018-04-24 06:15

The Public Investment Corporation on Friday voted against the reappointment of Steve Booysen and Angela Kruger-Steinhoff to the global retailer's supervisory board, said a person familiar with the votes.

Translating masses of Steinhoff docs from English slows German criminal probe

2018-04-21 16:45

German authorities are struggling to analyse a wealth of financial documents seized from a Steinhoff subsidiary in late 2015 as the documents are written in English.

STEINHOFF AGM WRAP: PwC probe confirms retailer overstated income and assets

2018-04-20 12:51

Four months after its share price plunged and its CEO Markus Jooste resigned, Steinhoff faced shareholders at its AGM on Friday. And in the end all its proposed motions were adopted.

 

A new attack on Capitec has flopped as investors shrug off latest Viceroy report

2018-05-21 17:08

Earlier this year its share price lost 25% after Viceroy accused it of misleading investors.

Steinhoff’s Markus Jooste told a business partner he has ‘a temporary problem’ – report

2018-05-16 08:36

"... this is not how partners behave when one has a temporary problem..."

Steinhoff still offers SA companies an 'ethics hotline' – operated by KPMG

2018-05-04 06:32

Meanwhile, universities and the Agricultural Research Council have switched to different fraud-and-ethics hotline providers.

Steinhoff restructure: No guarantee Christo Wiese will get Pepkor back

2018-04-27 15:42

The SA billionaire also said he could not speculate whether crisis-hit retailer Steinhoff would be able to pay him back the R59bn he is claiming in a lawsuit.

Investec money manager upbeat on growth in Ramaphosa's SA

2018-04-26 13:29

South Africa’s economy is under new management, and Investec’s Chris Freund is among equities investors who are expecting growth to surprise to the upside.

Markus Jooste set to cash in after striking deal with banks

2018-04-25 10:19

Steinhoff International former CEO Markus Jooste has been thrown a lifeline by banks as the global retailer he oversaw for 18 years struggles to survive an accounting scandal that happened under his watch.

Steinhoff shares drop over 15%

2018-04-23 18:37

Steinhoff shares fell as markets reacted to the global conglomerate's annual general meeting which took place in the Netherlands on Friday.

Steinhoff pleads for investor support to save 'burning building'

2018-04-20 16:56

There was a time in early December that it could be likened to finding one-self in a burning building, says Steinhoff's chairperson Heather Sonn at the company's AGM.

Steinhoff under fire as Germans extend criminal probe, unions picket AGM

2018-04-20 11:59

With Steinhoff facing pickets at the livestream of its AGM in Cape Town, German media reports that a criminal probe into the company has been expanded.

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