DUT stabbing victim Sandile Ndlovu dies in hospital
Local
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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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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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Steinhoff says investors to suspend legal battle as firm recovers
The lawsuit brought in the Netherlands was aimed at compensating investors for the more than €14 billion wiped off Steinhoff’s market value since it uncovered accounting irregularities last year.
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Steinhoff asks creditors for restructuring extension
An accounting scandal wiped more than 90% off Steinhoff’s market value and forced it to sell assets to generate working capital.
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SA investors back Steinhoff class action lawsuit
The investors represented about 20% of the shareholding in Steinhoff when the South African retailer uncovered accounting irregularities last year that sent its share price tumbling.
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Losing money had no role in decision to leave Steinhoff after 29 years - Jooste
Markus Jooste says his departure had nothing to do with the R3 billion his family trust’s investment company, Mayfair, lost when Steinhoff’s share price crashed.
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Jooste: When I left Steinhoff, I wasn’t aware of any accounting irregularities
Former Steinhoff CEO Markus Jooste insists he had no knowledge of any accounting irregularities and says he doesn't blame anyone for what happened at the company.
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Markus Jooste denies knowledge of accounting irregularities at Steinhoff
The departure of the CEO and the announcement of an investigation into suspected fraud triggered the collapse of the company’s share price.
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[WATCH LIVE] Former Steinhoff boss Markus Jooste in Parliament
Markus Jooste is set to answer questions from a joint sitting of the finance and other committees on Wednesday morning.
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Former Steinhoff CEO Markus Jooste expected to face grilling in Parly
Jooste was summonsed by Parliament to appear last week alongside former CFO Ben la Grange, but challenged the subpoena, raising his right not to be compelled to give self-incriminating evidence that could jeopardise a fair trial.
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Crisis-hit Steinhoff says 9-month sales rise 2%
Steinhoff was thrown a lifeline last month when its creditors agreed to delay debt claims for three years after the multinational retailer uncovered accounting irregularities.
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Hawks' capacity to deal with Steinhoff probe questioned
Specialised Commercial Crimes head Alfred Khana on Wednesday night told MPs that he was still waiting for a sworn statement related to the criminal complaint filed by the company eight months ago.
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Ben la Grange ‘sorry’ about money lost through Steinhoff collapse
The former Steinhoff chief financial officer has been testifying before four parliamentary committees after he was subpoenaed to come and answer parliamentarians’ questions.
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MPs unhappy with answers given by Steinhoff chairperson
Heather Sonn has been updating members of four parliamentary committees on the status of the group, including its efforts to stabilise its debt and retain its JSE listing.
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Steinhoff takes $12bn write-down after accounting scandal
The write-down is the latest setback for the multinational retailer, which has been fighting to stay afloat since it revealed holes in its accounts last December.
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Cele: Hawks probing multiple cases in Steinhoff scandal
The charges are under the Corrupt Activities Act and relate to theft, fraud, extortion and forgery, among others.
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Investor Benko strikes deal to buy Steinhoff's Austrian unit
Steinhoff revealed holes in its accounts six months ago, shocking investors who had backed its reinvention, sending its shares crashing and leaving it scrambling to pay its debts.
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[LISTEN] How did Markus Jooste fool Steinhoff investors?
Talk Radio 702’s Bruce Whitfield spoke to RECM chairperson Piet Viljoen about his online piece analysing the former Steinhoff CEO’s character.
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IRBA: Steinhoff probe likely to be biggest job ever
The investigation has also highlighted the regulator’s limited financial resources to deal with its hefty caseload.
