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Markus Jooste

Steinhoff forced to reveal names of directors implicated in PwC report

19 March 2019, 2:42 PM

Steinhoff executives were ultimately forced to divulge the names of former and current directors who’ve been implicated in the PwC report as having been responsible for inflating the retailer’s income by a whooping R100 billion.

Steinhoff’s Wiese open to negotiations over R59 bln claim

18 March 2019, 1:43 PM

Former Steinhoff chairperson and top shareholder, Christo Wiese, says he is open to negotiations over his R59 billion claim against the scandal-hit company.

Mattress Firms

Steinhoff promotes commercial director to CEO, shares leap

19 November 2018, 9:26 PM

Steinhoff has appointed commercial director Louis du Preez, a key figure in its attempts to recover from a financial crisis, as its permanent chief executive, sending shares in the South African retailer as much as 15% higher on Monday.

Steinhoff building

Steinhoff’s investors to suspend legal battle as firm recovers

17 October 2018, 8:03 PM

Steinhoff said on Wednesday investors who are suing the crisis-hit firm had agreed to suspend litigation until next year, allowing the retailer time to focus on its recovery.

Steinhoff asks creditors for restructuring extension

15 October 2018, 9:05 PM

South African retailer Steinhoff, has asked creditors for a one-month extension relating to its debt restructuring as it negotiates documents required to implement the plan, it said on Monday.

Markus Jooste

Steinhoff’s shares plunge after global rout, report on retailer’s ex-CEO

11 October 2018, 8:05 PM

Steinhoff’s shares fell more than 9 percent on Thursday to a near two-month low after a global market rout and a report by Bloomberg saying the retailer’s former CEO advised friends to sell the firm’s stock days before the shares collapsed.

Steinhoff’s Mattress Firm files for Chapter 11 bankruptcy

5 October 2018, 4:05 PM

Steinhoff’s United States unit, Mattress Firm, has filed for voluntary Chapter 11 bankruptcy protection to strengthen its balance sheet and support its parent company’s debt restructuring, the South African company said on Friday.

Steinhoff logo with microscope

Allan Gray, Old Mutual, Investec back class action lawsuit against embattled Steinhoff

28 September 2018, 3:16 PM

South African investors including Allan Gray, Old Mutual and Investec’s asset management arm are backing litigation against crisis-hit Steinhoff in the Netherlands.

Former Steinhoff CEO denies knowledge of accounting irregularities

5 September 2018, 12:35 PM

Former Steinhoff CEO Markus Jooste has denied any knowledge of accounting irregularities at the time he left the company late last year.

Former Steinhoff CEO appears before Parly: Live

5 September 2018, 10:10 AM

Former Steinhoff CEO Markus Jooste is in Parliament to face tough questions on Wednesday morning.

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