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.

Pepkor vows to 'defend its interests' in latest legal battle with former Tekkie Town owners

2019-04-10 21:32

Pepkor has taken note of the court papers filed by the founders and former owners of Tekkie Town, it tells Fin24.

European investors suspend class action against Steinhoff for another six weeks

2019-04-02 09:07

Steinhoff announced on Tuesday morning that it had reached an agreement with an investment group suing it and that legal action would again be temporarily halted for six weeks.

Ferial Haffajee: PwC’s Steinhoff report is a whitewash laced with white privilege

2019-03-22 11:11

Steinhoff’s caretaker board and management have not risen to the challenge of good corporate citizenship, says Ferial Haffajee.

Steinhoff crooks should be behind bars, believes former director Johan van Zyl

2019-03-15 16:23

A PwC report into Steinhoff’s alleged fraudulent practices is set to be released within the next week.

SA's finance authority now wants short sellers to openly report their bets

2019-02-06 18:16

The FSCA is aiming to bring more transparency and regulation into short selling in South Africa, meaning no more secret bets.

A drunken late-night call and a ‘double agent’: new dispatches from the war over Tekkie Town

2018-09-27 08:22

New salvos have been fired in the war between Pepkor and the former top brass of Tekkie Town.

Steinhoff: Former CEO Markus Jooste's top 5 quotes to Parliament

2018-09-05 12:24

The former head of embattled retailer Steinhoff is fielding questions from MPs in Parliament on the conglomerate's governance and share price collapse. Here are 5 of his top quotes so far.


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.

Tekkie Town’s founders want to stop an ‘increasingly desperate’ Steinhoff from selling the chain they hope to claim back

2019-04-10 11:37

Those who started the shoe store chain (and are billions out of pocket thanks to Steinhoff's collapse) say they've been watching as Steinhoff sells off its crown jewels to satisfy creditors, and they don't want Tekkie Town to be next.

Steinhoff agrees to give FSCA documents to aid investigation

2019-03-29 11:17

The market conduct regulator says Steinhoff has agreed to give it documents that will aid its investigation into alleged insider trading, market manipulation, and false and misleading information.

What you need to know about the eight main Steinhoff suspects

2019-03-19 17:06

Many of them were apparently involved in suspect Steinhoff deals.

Steinhoff said to seek about R6.5bn for properties in Europe

2019-03-14 19:19

Steinhoff International Holdings is seeking to sell properties in Europe worth about R6.5bn to raise cash as it restructures its debt, insiders have said.

Steinhoff paid ex-CEO R5m for 2018 fiscal year, Pepkor says

2019-01-31 17:01

Steinhoff paid former CEO Markus Jooste about R5m for the two months he worked for the SA company in fiscal 2018, before he quit amid an accounting scandal.

The Steinhoff story that Markus Jooste left untold

2018-09-25 13:59

During his recent appearance in Parliament, former CEO of Steinhoff, Markus Jooste, said that he had lost R3bnwith the implosion of the company’s share price. But this number should be put into context.

FIRST PICS: Steinhoff's Markus Jooste briefs Parliament

2018-09-05 10:46

Steinhoff's former CEO Markus Jooste has testified before a joint sitting of four committees in Parliament. This was his first public appearance since his resignation in December amid accounting irregularities.

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