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PIC suspends legal proceedings against Steinhoff

4 December 2019, 9:40 AM

The Public Investment Corporation (PIC) says it has suspended legal proceedings against Steinhoff pending the finalisation of a mediation process.

PIC to resume legal action against Steinhoff should mediation fail

3 December 2019, 4:42 PM

PIC says it is ready to resume with legal action against Steinhoff should the mediation process between the two entities fail.

Steinhoff sells Blue Group to Alteri Investors

15 November 2019, 9:02 PM

Scandal-hit South African retailer Steinhoff International said on Friday it had sold Blue Group, owner of Bensons for Beds and Harveys Furniture, to Alteri Investors for an undisclosed price.

Mmusi Maimane

DA says car donation from Jooste was made before Steinhoff scandal

29 September 2019, 1:00 PM

The Democratic Alliance (DA) says a donation from former Steinhoff executive Markus Jooste was made to the party before the company was implicated in a scandal.

Struggling Steinhoff hit with multi-million rand fine

12 September 2019, 9:52 PM

The Financial Sector Conduct Authority has imposed an administrative penalty of 53 million rand to retail giant Steinhoff.

Steinhoff

NPA and Hawks contradict each other over Steinhoff report

4 September 2019, 4:52 PM

The National Prosecuting Authority (NPA) and the Hawks have contradicted one another in parliament regarding access to a Steinhoff audit report on accounting irregularities at the company.

Steinhoff

Steinhoff to cut Conforama jobs, non-retail assets

14 August 2019, 6:16 AM

South 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 an investment holding firm, management said on Tuesday.

Dr Dan Matjila

Matjila says Steinhoff investment losses are ‘regrettable’

16 July 2019, 8:37 PM

Former Public Investment Corporation (PIC) CEO Dan Matjila told the PIC Commission that the losses incurred through the Corporation’s investment in Steinhoff were significant and deeply regrettable.

Steinhoff appoints new CFO

6 July 2019, 2:37 PM

South African retailer Steinhoff said on Friday that Philip Dieperink will step down as chief financial officer and will be replaced by Theodore de Klerk effective 1 September 2019.

PIC funded Lancaster to buy shares in Steinhoff: Dlamini

25 April 2019, 5:57 PM

The PIC’s acting head of legal Lindiwe Dlamini took the stand at the PIC commission of Inquiry testifying about the Steinhoff transaction.

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