Zwane hasn’t sent request to cross-examine witnesses, inquiry hears
Politics
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Johan van Zyl resigns from Steinhoff board
At the same time, Imperial holdings CEO Mark Lamberti has thrown in the towel just days after stepping down from the boards of Eskom and Business Leadership South Africa.
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Steinhoff raises $314m from stake sale in African unit to help cut debt
The company said it sold 200 million shares via an accelerated bookbuild, reducing its holding to 71.01%.
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Steinhoff sells 6% of African unit
Its present 77% stake in Steinhoff Africa is worth R50 billion ($4.17 billion) and the deal could bring in about R4 billion, bankers said.
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Steinhoff accused of ‘malicious compliance’ over Jooste complaint
Steinhoff’s attorney Robert Driman of Werksmans denied the accusation, saying there was no 'open and shut case' to hand over.
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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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MPs want Steinhoff to shelve planned bonuses for board members
Four parliamentary committees are sitting on Wednesday to probe what led to the catastrophic collapse in the company’s share price late in last year.
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Former Steinhoff CEO Markus Jooste won't answer questions in Parly, say lawyers
Jooste was invited to appear before a joint meeting on Wednesday of four committees, including those of finance and public accounts.
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Crisis-hit Steinhoff cuts stake in KAP to 26%
Steinhoff is fighting for survival after admitting 'accounting irregularities' in December.
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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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Fedusa requests access to inspect Steinhoff records
The global retailer lost more than 60% of its stock value on the JSE last year after CEO Markus Jooste stepped down amid allegations of accounting irregularities.
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Steinhoff's Q1 revenue falls, scandal hits working capital
The multinational retailer has been fighting for survival after it discovered accounting irregularities in December which sparked a sell-off that wiped more than $10 billion off its market value.
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Regulator probing Steinhoff auditors to continue investigation
The IRBA said in December 2017 it would investigate Steinhoff’s auditor following the retail group’s disclosure of accounting irregularities.
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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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Wiese slashes stake in Steinhoff to 6.2%
Wiese has slashed his stake from around 21% to 6.2%, filings posted on the Netherlands’ Authority for Financial Markets website showed.
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Crisis-hit Steinhoff to halt dividends to save cash
The multinational retailer is fighting for survival after it discovered accounting irregularities in December.
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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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Sarb says checking whether Steinhoff broke FX rules
The bank said it was ready to cooperate with local and international regulators as well as law enforcement authorities investigating Steinhoff.
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MPs seek answers from Steinhoff over accounting irregularities
Members of Steinhoff’s supervisory board and top management are expected to attend a joint meeting of three parliamentary committees on Wednesday.
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Steinhoff notifies Dutch regulator about delay to 2017 results
Steinhoff, which is incorporated in the Netherlands, in December, postponed its 2017 results ‘until further notice’ after it admitted accounting irregularities.
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Viceroy labels Capitec a loan shark, wants bank placed under curatorship
Viceroy says it has found that Capitec has been advising and approving loans to delinquent customers in order to repay existing loans.
