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Tag Archives: Steinhoff

Scopa to summon Steinhoff executives next year

12 December 2017, 8:12 AM

Parliament’s Standing Committee on Public Accounts (Scopa) now says it will only call the executives of retail giant Steinhoff early in the new year.

Steinhoff shares are 40% stronger on Monday after dropping 90% of their value last week.

Wiese attempts to rescue Steinhoff

11 December 2017, 3:17 PM

Shares of retailer, Steinhoff, continue to claw back some value after a massive sell-off last week linked to concerns about dodgy accounting.

Moody’s downgrades Steinhoff to junk status

8 December 2017, 12:35 PM

Ratings agency Moody’s has cut Steinhoff to junk rating, dropping it by four notches from the previous Baa3 to B1 and placed it on review for further downgrade. 

Big businesses should adhere to code of business ethics: BLSA

7 December 2017, 5:21 PM

Business Leadership South Africa says big businesses should adhere to the code of business ethics or face the consequences as the fallout from the Steinhoff accounting fiasco continues.

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