Steinhoff
Ex-Steinhoff CEO Markus Jooste & 3 others fined R241m for insider trading
In a statement, the FSCA said the administrative penalty followed an investigation that found Jooste was privy to Steinhoff-related 'inside info' before the...
Julius Malema said that the EFF demanded that the authorities should not only go after certain individuals accused of corruption but must also focus on bringing criminal charges against the CEOs of banks who were found to have manipulated the rand's value among others.
The company’s loss for the six months ended 31 March widened to 1.5 billion euros from 571 million euros in the same period last year.
The value would be paid in both cash and shares in retailer Pepkor, Steinhoff’s subsidiary, if the settlement is given the consent of creditors, regulators and eligible claimants, Steinhoff said in a statement.
Vice-chairperson Peter Wakkie said that a new appointment would be made shortly and it was important to note that Sonn had 'in no way been found to have participated in the accounting irregularities at Steinhoff'.
The Public Investment Corporation on Tuesday told MPs it was taking legal action to compel Steinhoff to hand over the report.
The state-run asset manager has told Parliament it will file court papers “soon” in a bid to compel Steinhoff to hand over the report. Steinhoff commissioned PwC to investigate once the extent of the scandal became known.
Parliament’s Standing Committee on Finance has been told that the PIC believes the report is critical for it to pursue directors fingered in the scandal.
Steinhoff had said in August it's only way to survive was to slim down and sell its assets.
DA leader Mmusi Maimane seems to be facing pressure on multiple fronts; the latest is a report compiled by Tony Leon at the party's request, looking into Maimane’s leadership.
In a wide ranging interview with EWN, the DA leader denied claims from within the party that he insisted on driving a Steinhoff sponsored vehicle months after the company’s fraud scandal was exposed.
Democratic Alliance leader Mmusi Maimane explains why it took months to return a donor vehicle from Steinhoff in the wake of the company's accounting scandal.
DA leader Mmusi Maimane talks about the furore surrounding his use of a vehicle donated to the party by Steinhoff's former CEO Markus Jooste.
According to the ‘Rapport’, DA leader Mmusi Maimane drove a car that was rented and paid for by Markus Jooste ahead of the 2016 local government elections.
Party leader Mmusi Maimane has been accused of driving a rental vehicle sponsored by disgraced businessperson Markus Jooste and paid for by Steinhoff ahead of the 2016 elections.
Maimane has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste.
South Africa’s market regulator is fining retailer Steinhoff R53 million for making 'false, misleading or deceptive statements' to the market, the company said on Thursday.
Steinhoff executives faced a number of questions from MPs on why the company seems to be dragging its feet in dealing with its own officials.
“All the various debt instruments that previously existed will be re-issued. Secondly, the group at group level will not pay any cash interest,” new CEO Louis du Preez said in a presentation to investors.