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[LISTEN] 5 biggest corporate scandals of 2017
'Financial Mail' editor Rob Rose has picked the top five biggest corporate scandals of the year, listing Steinhoff as number one and KPMG as number two on his list.
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JSE seeks more information about Steinhoff International probe
Steinhoff lost more than 63% of its share value on Wednesday with German prosecutors wanting to interview at least four officials after the resignation of CEO Markus Jooste.
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[LISTEN] Steinhoff share price fell 70%. Why was trade not suspended?
The JSE's John Burke is adamant that suspending Steinhoff's trade on the JSE will not take the bad news away.
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BLSA gravely concerned by corruption claims at Steinhoff, MultiChoice
BLSA CEO Bonang Mohale says the allegations are serious and it condemns any unethical behaviour.
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Steinhoff’s financial woes met with anger, disappointment
People have shared former CEO Markus Jooste’s picture on Twitter, naming him as the new face of corruption.
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German authorities continue probe into Steinhoff International
About R183 billion of value was wiped off the JSE following allegations of financial irregularities at the furniture retailer.
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JSE seeking clarity on allegations against Steinhoff
Nearly R183 billion of market value has been wiped off the JSE following allegations of financial irregularities.
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#RandReport: Stocks fall as Steinhoff plummets, rand retreats
Steinhoff shocked investors when it said that ‘new information has come to light today which relates to accounting irregularities requiring further investigation’.
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Shares in Stehinhoff Africa still down after Markus Jooste resigns
Steinhoff says Markus Jooste resigned as CEO with immediate effect after the discovery of new information which prompted the company's supervisory board to for an 'independent investigation'.
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Steinhoff delays results and CEO quits, shares crash
Billionaire Christo Wiese, Steinhoff’s largest shareholder and chairman, will take charge of the company in an executive capacity on an interim basis.
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Steinhoff Africa Retail looks to acquire 23% of Shoprite
Shoprite said STAR’s investment would be subject to a number of conditions including various merger filings.
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Steinhoff's African listing overshadowed by Europe woes
The South African retail magnate is about to split Steinhoff’s African businesses so investors can better judge the value of its faster-growing ones in the United States, Europe and Australia.
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After merger collapse, Steinhoff goes for controlling stake in Shoprite
Steinhoff abandoned plans to merge with Shoprite in February, but billionaire Christo Wiese has said he wants to consolidate his holdings.
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Steinhoff, Shoprite in talks to create African retail giant
Under the proposed deal, Shoprite would issue shares to Steinhoff in exchange for its assets on the continent.
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Steinhoff raises Poundland offer after hedge fund increases stake
The increased offer follows a recent move by US hedge fund to up its stake in Poundland to 17.5%.
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Steinhoff weighs bid for Poundland in new European push
Steinhoff lost out to rivals in two battles for Britain's Home Retail and France's Darty in the last 3 months
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Steinhoff sees no material impact from German tax probe
The SA firm moved its primary listing to Frankfurt with the hope of attracting more investor attention.
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Furniture retailer Steinhoff’s profit rises 36 percent
The company’s shares were up nearly four percent by 1530 GMT, outperforming a 1,5 percent gain.
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Steinhoff moves into clothes with $5.7 bn deal
The deal will see Steinhoff buy Pepkor from firm Brait and entities controlled by Christo Wiese.
