ARTICLES RELATING TO STEINHOFF

Bruce Whitfield: How crooks steal your future, again and again

2019-10-16 17:30

EOH, much like Steinhoff, shows how big growth stories can attract investors – while providing cover for crooks.

Steinhoff to update investors on status of turnaround plan

2019-08-13 06:00

The Stellenbosch-headquartered retailer is set to update investors on the status of its turnaround plan, after a dramatic plunge in its share price shrank its market capitalisation by over R200bn.

Jooste: I will be opposing Steinhoff claim

2019-07-03 19:46

Markus Jooste's legal team indicated on Wednesday that he would be opposing Steinhoff's civil claim of around R858m.

Steinhoff shares fall by 8% after earnings report shows R19.3bn loss for 2018

2019-06-19 09:28

The group had delayed publishing its 2017 and 2018 earnings reports to give auditors PwC time to complete a 15-month forensic probe into its books.

Steinhoff set to release its delayed 2018 earnings report

2019-06-18 06:00

The Stellenbosch-headquartered retailer has predicted that its audited 2018 financial results would show reduced net sales due to disposals, a weak global economy, strong competition and reputational damage.

Steinhoff, Tongaat woes raise auditor scrutiny

2019-06-09 13:48

Accounting scandals are spurring auditors to weigh tougher measures for the profession, says Bernard Agulhas, the head of SA’s Independent Regulatory Board for Auditors.

How to avoid the next Steinhoff

2019-05-23 09:54

Steinhoff’s collapse caught most market players by surprise, inflicting serious damage. Lucas de Lange explains how to read the danger signs beforehand.

Steinhoff raises questions on future as legal claims mount

2019-05-09 10:13

Steinhoff says its ability to operate as a going concern is under threat from a range of challenges including mounting legal claims and a debt load that the company is working to restructure.

Steinhoff still hopes to publish results on Tuesday, but may again delay

2019-05-07 17:50

The embattled retailer previously announced it would publish the long-awaited results on Tuesday, which would set out its restated financial position for 2017 in the wake of a forensic probe.

Lancaster launches legal bid to recover funds invested in Steinhoff

2019-04-18 15:33

Lancaster 101 has launched legal proceedings against Steinhoff to reclaim the R12bn it invested in the disgraced retail giant.

 

Steinhoff has just hit a new record low – it has now lost 99% of its value. These are the odds it will survive, according to a fund manager

2019-08-19 16:01

The main investor concern is whether it can outlive the many legal claims coming its way.

Five things to know about the court case against former Steinhoff CEO Markus Jooste

2019-08-07 21:14

The former CEO of the scandal-plagued global retailer is being sued for allegedly enticing a trust to swap its shares in the PSG Group for Steinhoff shares in June 2015.

Steinhoff wants Markus Jooste to pay back R870m - report

2019-06-26 16:05

Steinhoff has filed papers in the Cape Town High Court in an attempt to claw back hundreds of millions of rands from its former CEO Markus Jooste and its ex-CFO Ben la Grange, according to the Financial Mail.

Steinhoff announces loss of almost R20bn for 2018

2019-06-18 22:55

The Stellenbosch-headquartered conglomerate published its delayed 2018 earnings report on Tuesday evening after the close of SA markets.

Steinhoff wants Jooste joined to Tekkie Town court case

2019-06-10 17:28

Bernard Mostert, one of the former owners of Tekkie Town, told Fin24 that "when we are successful against Steinhoff, Steinhoff will rely on this motion to claim damages from Jooste".

Steinhoff faces German mass investor action as court opens case

2019-05-23 11:43

Shares in the embattled Stellenbosch-headquartered retailer fell 7% on news it is facing a mass investor lawsuit in Germany.

Steinhoff report reveals maelstrom of conflicts of interest

2019-05-10 20:12

Steinhoff International was for many years run by a board of tight-knit people, many of whom had done business together for decades.

Steinhoff says Markus Jooste got $2.4 million bonus without approvals

2019-05-08 13:41

Steinhoff's former chief executive officer received almost $2.4m of bonuses without required approvals in the months before the global retailer almost collapsed amid an accounting crisis.

Steinhoff to release restated financial results for 2017

2019-05-07 06:30

Steinhoff is set to release its restated and audited financial results for 2017 on Tuesday, giving investors insight into how a yearlong forensic probe by PwC has altered the multinational retailer's financial position.

Steinhoff raises possibility of negotiated settlements over share price plunge

2019-04-16 09:41

Steinhoff has raised the possibility of negotiated settlements as it faces a number of class-action style lawsuits and litigation claims over the precipitous plunge in its share price.

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