Steinhoff proceeding with sale of Austrian subsidiary Kika-Leiner

2018-07-13 20:02

Following the go-ahead from the competition authorities, Steinhoff says it has completed the sale of the Austrian operating company of furniture retailer Kika-Leiner.

Bruce Whitfield: Court papers allege conspiracy, theft, and Christian video as Tekkie Town founders tried to force Steinhof to sell

2018-07-07 18:32

Court papers show the Tekkie Town founders made Steinhof Africa Retail a R2 billion offer – at roughly the same time as the company’s IT systems were under attack in what an apparent turncoat now says was an organised conspiracy.

Steinhoff is back from the dead - its share price rallied 50% in a morning

2018-07-03 12:46

Speculators may be entering the fray.

Steinhoff reported terrifying results on Friday — here's why its share price has been rallying

2018-07-02 17:12

Investors have welcomed the greater certainty about its financial position.

Steinhoff is paying experts R5.4 million a day to sort out its financial mess - and it may get worse

2018-06-29 19:16

Steinhoff published unaudited interim numbers on Friday, and warned it will have to pay lawyers and auditors even more before its books will be clean.

Wiese: ‘If I didn’t trust people I would still own only five shops’

2018-06-28 12:02

Questions about Christo Wiese’s knowledge of former Steinhoff CEO Markus Jooste’s duplicity remain – how could he not have known? In this interview, Wiese speaks candidly to finweek about the scandal.

Steinhoff wins support for standstill from most creditors

2018-06-07 09:08

Steinhoff International has won support from a majority of its key creditors for a standstill agreement through the end of June, giving the retailer breathing space to avoid insolvency proceedings.

Bruce Whitfield: The one guy who doesn’t want to punch Markus Jooste in the mouth

2018-05-31 12:18

Tekkie Town founder Braam van Huysteen lost a fortune to Steinhoff. Yet he says he doesn't hold a grudge – not against Jooste.

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 stock above R3 apiece for the first time since April

2018-07-13 14:18

Shares in the embattled global retailer have been on the rise – albeit off a low base – since it announced details of its proposed restructuring earlier this week.

Steinhoff shares jump 40%, reach best price in two months

2018-07-03 15:05

Unaudited half-year financials released by Steinhoff on Friday, while far from positive, appear to have provided investors with a measure of clarity.

Steinhoff's $13bn triumph for bean-counters

2018-07-03 06:01

Steinhoff’s liabilities due within 12 months vastly exceed its current assets. And what's a formality for most companies - confidence that it can keep the lights - is far from self-evident, argues Chris Bryant.

Steinhoff write-offs pass R198 billion as accounts crisis deepens

2018-06-30 13:06

Steinhoff has written off the value of assets by €12.4bn (about R198bn) and counting, as the embattled retailer works out what it can salvage from the wreckage of an accounting scandal.

THE STEINHOFF SAGA: Part two - The board that looked the other way

2018-06-29 06:20

In this part of a series of in-depth features, the University of Stellenbosch Business School sheds light on how governance (or lack of it) possibly contributed to Steinhoff's now-disastrous position.

Steinhoff Africa, Brait put investors on hook for manager loans

2018-06-21 20:15

In 2011, two companies linked to billionaire Christo Wiese offered managers the option to buy shares in the businesses funded by bank loans guaranteed by the companies.

Steinhoff Africa Retail is said to fail to attract Remgro interest

2018-06-04 16:31

STAR may have to eliminate billionaire Johann Rupert’s Remgro from a list of potential new investors as it seeks to distance the retailer from its scandal-hit parent.

This Saturday Markus Jooste could share in a R25 million win at one of the world’s great horse races – but Investec’s Bernard Kantor has a better bet

2018-05-31 12:02

Jooste's Rostropovich is in with a chance at the Epsom Downs Racecourse on Saturday, but Kantor's Young Rascal has better odds.

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..."

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