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Tag Archives: Steinhoff

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

Steinhoff requires near-term liquidity for some businesses

5 January 2018, 6:41 PM

Retailer group Steinhoff International Holdings N.V. said on Thursday significant near-term liquidity was still required in some of its business units although it had has achieved some degree of stabilisation after revelations of accounting irregularities triggered a run on its shares in December.

Corruption robs the poor of basic needs

30 December 2017, 10:00 AM

Economist Iraj Abedian has described as tragic the fact that no one has been held responsible in both the political and business arenas for what he terms monumental damage to the economy.

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

Ratings agency Moody’s downgrades Steinhoff

28 December 2017, 4:06 PM

International retailer Steinhoff has been downgraded by rating agency Moody’s.

ABSA seeks to liquidate former Steinhoff CEO assets

22 December 2017, 8:19 AM

An application by a leading bank group to have one of the companies of former Steinhoff CEO Markus Jooste liquidated is expected to be heard in the High court in Cape Town on Friday.

Steinhoff says Christo Wiese steps down as chairman

14 December 2017, 9:47 PM

South African retail group Steinhoff, which is fighting for survival following its disclosure of accounting irregularities, said tycoon and major shareholder Christo Wiese has stepped down as chairman. Steinhoff said in a statement on Thursday that Wiese had offered to resign to reinforce independent governance of the company and that the supervisory board had accepted […]

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