Steinhoff corruption
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’s quarterly sales rise 3%
Steinhoff was thrown a lifeline last July when its creditors agreed to delay debt claims for three years.
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Steinhoff expects to publish 2017, 2018 results in April
The 2017 and 2018 financial statements of the company’s wholly owned subsidiary, Steinhoff Investment Holdings Ltd, will be released shortly after the group’s results.
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Saftu calls on NPA to prosecute former Steinhoff CEO Markus Jooste
Saftu has joined calls for the prosecution of former Steinhoff CEO Markus Jooste after the Government Employees Pension Fund had to write off massive investments as a result of the collapse of Steinhoff’s share price last year.
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Steinhoff appoints Louis du Preez as new permanent CEO, shares soar
Du Preez will replace acting CEO Danie van der Merwe who will step down at the end of December.
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[LISTEN] 'History of dodgy business dealings by Steinhoff'
Talk Radio 702 host Eusebius McKaiser speaks to financial journalist Warren Thompson who explains the long history of dodgy business dealings at Steinhoff.
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Ex-Steinhoff CEO Markus Jooste to appear in Parly next week
It will be the first time that Jooste publicly speaks out about what happened at Steinhoff since his abrupt resignation in December 2017.
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Ex-Steinhoff CFO Ben La Grange to appear in Parly on Wednesday
Parliament’s spokesman Moloto Motapho confirmed earlier on Monday that lawyers acting for both Markus Jooste and La Grange had confirmed receipt of the subpoenas.
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Steinhoff: Jooste, La Grange to be summonsed to appear in Parly
Parliament’s Standing Committee on Finance wants Jooste and La Grange to answer questions about gaps in the financial regulatory framework that might have caused the Steinhoff debacle.
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Hawks reach out to Interpol for help with Steinhoff investigation
The retail giant’s share price collapsed after the abrupt resignation of its CEO Markus Jooste in December 2017 as details of suspected fraud emerged.
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Wiese’s claim against Steinhoff likely to give him negotiating power
The 'Business Day' is reporting that, ironically, the transactions listed in Christo Wiese's legal claim came under fire at the time because of a potential conflict of interests
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Shareholders tell Steinhoff to go ahead with restructuring plans
The AGM, the first since the scandal broke just over four months ago, took place in Amsterdam in the Netherlands and was live-streamed to Cape Town.
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[LISTEN] 'Markus Jooste did not act alone in Steinhoff crisis'
Jannie Rossouw, head of the Wits School of Economic and Business Sciences, says even if Jooste was able to commit the crime he committed, the board members were clearly 'asleep at the wheel.'
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Jooste to be subpoenaed to appear before Parliament after no-show
Former Steinhoff chief financial officer Ben le Grange is to be given 10 days to confirm that he will also appear or he too will be summonsed.
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PSA wants details from PIC on Steinhoff shares
The PSA’s Tahir Maepa says they requested the documents to assist them with the planning of the class action against the retail giant.
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Dutch court rules Steinhoff must amend 2016 accounts
The Enterprise Chamber of the Amsterdam Court of Appeals ruled that Steinhoff must change its accounts to show it held a 50% controlling interest in POCO.
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More questions than answers over Steinhoff crisis leaves MPs frustrated
Steinhoff executives have been appearing before three committees at Parliament in a one-day meeting aimed at uncovering the origins of the crisis
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Steinhoff: No one will be spared in forensic investigation
Former CEO Markus Jooste was on Tuesday reported to the Hawks for investigation into alleged corrupt activities.
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Wiese: Steinhoff scandal came like a bolt from the blue
Christo Wiese says he became aware of problems at Steinhoff three working days before the company’s accounts had to be finalised for a board meeting last month.
