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Steinhoff to address Parliament on fraud allegations

30 January 2018, 5:48 PM

International retailer, Steinhoff, will be engaged IN multiple parliamentary committees on Wednesday.

All responsible for corruption at Steinhoff should be prosecuted: Godi

27 January 2018, 4:51 PM

Scopa Chairperson Themba Godi says all individuals found to be responsible for corruption at Steinhoff International should be prosecuted and jailed.

Scopa subpoenas Steinhoff International

27 January 2018, 3:23 PM

SCOPA Chairperson Themba Godi says next week Wednesday’s meeting with Steinhoff International might not be the last one. Godi says Steinhoff has been informed to come to Parliament.

Steinhoff drops Springboks sponsorship

15 January 2018, 12:48 PM

Embattled South African international retail holding company, Steinhoff International, has withdrawn its sponsorship of the Springbok Men’s and Women’s, and SA Rugby Sevens Academy teams.

Carrim hits out at Maynier over Steinhoff accusations

15 January 2018, 6:59 AM

The Chairperson of the Standing Committee on Finance, Yunus Carrim has hit back at the DA Member of Parliament David Maynier for what he calls “political posturing.”

SA investors to join Dutch class action against Steinhoff

12 January 2018, 3:09 PM

A group of South African investors want to join a Dutch class action suit against 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.

Troubled Steinhoff to restate results

2 January 2018, 6:10 PM

The scandal-hit South African retail giant Steinhoff announced Tuesday it would restate some financial results for 2015 and 2016 amid a probe into accounting irregularities.

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.

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