Steinhoff
Blow for Steinhoff as court grants media access to accounting fraud report
Bruce Whitfield interviews Rob Rose, editor of the Financial Mail and author of 'Steinheist'.
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Steinhoff to pay out over R24bn to settle claims related to accounting scandal
The agreement, settled by the Western Cape High Court, comes after years of legal wrangling in South Africa and the Netherlands.
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Court approves Steinhoff's R25 billion settlement proposal - report
The ruling means that Steinhoff can start settlement payouts to the tens of thousands of claimants who lost out in its share price plunge.
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Steinhoff forensic report will help move case forward, says NPA's Batohi
The forensic report is being compiled by PWC, the same accounting firm that was appointed by Steinhoff’s new board to find out what went wrong at the company.
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'No conflict of interest': Steinhoff funds NPA’s probe into its auditing scandal
The 'Financial Mail' on Friday reported that Steinhoff has agreed to give investigators from the Hawks and NPA R30 million to finance the investigation into the immense fraud at the company because the state doesn't have the budget.
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Ex-Steinhoff CEO Jooste charged in Germany over accounting violations - report
Bloomberg said that the indictment covered accounting violations in Germany, with Jooste's German lawyer responding by calling the allegations inaccurate.
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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 company’s shares tanked.
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Malema: Law enforcement agencies shouldn't turn blind eye to other crimes
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.
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Steinhoff's first-half loss more than doubles to $1.7 bn
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.
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Steinhoff proposes $1bn settlement to solve legal disputes
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.
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Steinhoff chair Heather Sonn resigns
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'.
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Parly could subpoena Steinhoff executives to hand over PwC report
The Public Investment Corporation on Tuesday told MPs it was taking legal action to compel Steinhoff to hand over the report.
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PIC says it needs the PwC report on Steinhoff to act against directors
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.
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PIC takes legal steps to force Steinhoff to handover PwC report
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.
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Scandal-hit Steinhoff sells unit of Australasian subsidiary
Steinhoff had said in August it's only way to survive was to slim down and sell its assets.
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A new report could be the latest threat to Mmusi Maimane’s leadership
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.
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Maimane: DA needs to evaluate relationship it had with Steinhoff
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.
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Maimane explains why it took DA a few months to return Steinhoff donor car
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.
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Maimane: I never demanded the use of Steinhoff donor vehicle
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.
