Ramaphosa visits health info centre tracking coronavirus in SA
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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.
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Waters: DA FedEx 'not made aware' of Maimane car donated by 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.
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DA's Waters: Maimane must explain car, housing allegations
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.
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Maimane responds to reports about car 'donated' by Markus Jooste
Maimane has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste.
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South African regulator fines Steinhoff for misleading markets
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.
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MPs say Steinhoff dragging its feet on dealing with corruption
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.
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Steinhoff's $10 billion debt 'too high' - chief executive
“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.
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Steinhoff CFO Philip Dieperink to step down, Theodore de Klerk to take over
According to a media statement, Philip Dieperink would step down after the embattled retailer’s annual general meeting at the end of August.
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Steinhoff seeks to recoup payments paid to former CEO
The retailer’s CEO in March told lawmakers that Jooste, la Grange, along with six other people, were identified by an investigation as players in inflating Steinhoff profits and asset values over several years.
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Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017
Steinhoff, which is also listed in Frankfurt, delayed the results after finding holes in its accounts, shocking investors who had backed its reinvention from small South African furniture outfit into a discount furniture retailer straddling four continents.
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Steinhoff set to release 2017 results, shares rise
Steinhoff had to put off the publication of its results after a $7.17 billion accounting fraud that stunned investors in the group.
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Understaffing putting PIC at risk, says legal exec
Head of legal services at PIC Lindiwe Dlamini detailed how the corporation lost billions of rand after it failed to protect its investment when it bought shares at scandal-hit Steinhoff.
