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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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MPs order Hawks, NPA to speed up Steinhoff probe
Committee chairperson Yunus Carrim on Wednesday told former CEO Markus Jooste he was portraying himself as the 'Mother Theresa' of Steinhoff.
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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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[WATCH] Crucial moments in Jooste's parliamentary questions
Markus Jooste answered questions from a joint sitting of the finance and other committees on Wednesday morning.
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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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[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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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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Steinhoff investigation mostly complete, IRBA tells Parliament
The Regulatory Board has been looking at whether Deloitte was aware of but kept quiet about the accounting irregularities that brought Steinhoff to its knees.
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Ben la Grange believes Steinhoff was inflating its profits for years
The former Steinhoff chief financial officer says he only became aware of the fraud at the company on the weekend of 2 December 2017.
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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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Former Steinhoff CFO: I didn't deliberately do anything wrong
Former Steinhoff CFO Ben la Grange says that he's deeply saddened by the money that was lost in the company scandal that saw a 95% dive in share prices.
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[WATCH LIVE] MPs grill Steinhoff execs on share price collapse
Parliament's Standing Committee on Finance receives a briefing on the progress made into the investigation into 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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Parliament hopeful former Steinhoff CEO, CFO will testify
National Assembly Speaker Baleka Mbete on Tuesday night gave the go-ahead for the two men to be summoned to appear before the Standing Committee on Finance.
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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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Steinhoff says about 90% of creditors support debt lock-up
Steinhoff is fighting for survival after revealing multi-billion euro holes in its balance sheet that wiped more than 90% off its market value.
