The African National Congress (ANC) has expressed its approval of the sentencing of former Steinhoff CFO, Andries “Ben” la Grange, who received a 10-year prison term, with 5…
by Staff WriterSouth Africa’s Steinhoff will sell off non-retail assets and cut jobs at its French retail chain Conforama as part of the scandal-hit company’s plan to slim down into…
by Staff WriterJOHANNESBURG - South Africa’s financial watchdog has cleared of wrongdoing three holders of accounts that traded Steinhoff shares ahead of a collapse in the retailer’s share price.
by Staff WriterJOHANNESBURG - Public Investment Corporation (PIC) inquiry commissioner Gill Marcus says that she is concerned about the extent that the Steinhoff scandal left the investment management company exposed…
by Staff WriterThe South African Federation of Trade Unions (Saftu) has joined calls for the prosecution of former Steinhoff CEO Markus Jooste after the Government Employees Pension Fund had to…
by Staff WriterPepkor, previously known as Steinhoff Africa Retail, has been fined R5 million by the Johannesburg Stock Exchange (JSE) for breaching listing requirements, with R1 million suspended for two…
by Staff WriterFormer Steinhoff CEO Markus Jooste has denied any knowledge of accounting irregularities at the time he left the company late last year.
by Staff WriterSouth Africans are fond of debating whether public or private sector failings are the bigger problem. It does not take too long to realise that they are really…
by Staff WriterJOHANNESBURG - South Africa’s Independent Regulatory Board for Auditors (IRBA) said on Sunday that following its initial review of Steinhoff’s auditors Deloitte South Africa it would pursue further…
by Staff WriterJOHANNESBURG - South Africa’s specialist Hawks police unit opened a case to investigate Steinhoff in December and has sought the help of Interpol in investigating the troubled company,…
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