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Steinhoff International

Steinhoff’s Markus Jooste dead, allegedly by suicide
National
/ 21 March 2024

Steinhoff’s Markus Jooste dead, allegedly by suicide

The disgraced former chief executive allegedly shot himself on a Hermanus beach in the Western Cape just a day after he was slapped with a R475 million fine

By Lyse Comins
Steinhoff’s Markus Jooste slapped with R475 million fine
Business
/ 20 March 2024

Steinhoff’s Markus Jooste slapped with R475 million fine

But European executive Dirk Schreiber has entered into a leniency agreement, avoiding a financial penalty

By Lyse Comins
Steinhoff relies on legal ‘fig leaf’
Article
/ 8 November 2019

Steinhoff relies on legal ‘fig leaf’

Journalists’ court case challenges corporates that hide behind legal ‘professional’ privilege’

By Franny Rabkin
Pepkor shrugs off Steinhoff
Article
/ 30 November 2018

Pepkor shrugs off Steinhoff

Analysts believe it could have done better, but cut it some slack because of its poor beginnings

By Tebogo Tshwane
Clipped Hawks falter over Steinhoff
Article
/ 7 September 2018

Clipped Hawks falter over Steinhoff

The policing unit still needs hard evidence but says that the investigation is ‘receiving attention’

By Lynley Donnelly
This was better with the sound off
Article
/ 7 September 2018

This was better with the sound off

The apparently empathy-deficient Markus Jooste just doesn’t get it

By Paddy Harper
How Markus Jooste plans to dodge Parliament’s tough questions
Article
/ 5 September 2018

How Markus Jooste plans to dodge Parliament’s tough questions

The elusive Jooste is set to appear in Parliament on Wednesday to answer questions from MPs

By Raeesa Pather
Titans face off in banks case
Article
/ 3 August 2018

Titans face off in banks case

Before the court battle over rand-rigging begins, the tribunal must settle a number of preliminary skirmishes

By Lynley Donnelly
Steinhoff 98% down
Article
/ 30 May 2018

Steinhoff 98% down

The stock – which had already fallen by 9.9% on Tuesday – reached a new low of R1.18 a share on Wednesday morning

By Jan Cronje and Tehillah Nieselow
Court to decide if Steinhoff’s ex-CEO will testify in Parly
Article
/ 22 May 2018

Court to decide if Steinhoff’s ex-CEO will testify in Parly

The court may need to rule on whether or not Markus Jooste can testify in parliament, as MP’s agree to subpoena him

By Lameez Omarjee
Mayfair Holdings in battle with minority shareholders from Lodestone
Article
/ 9 May 2018

Mayfair Holdings in battle with minority shareholders from Lodestone

Markus Jooste’s private investment company is under fire as it tries to sell the beverage and confectionery company to ‘repay defaulted debt’

By Staff Reporter
No suspension on JSE yet for volatile Steinhoff ‘penny stock’
Article
/ 5 May 2018

No suspension on JSE yet for volatile Steinhoff ‘penny stock’

The JSE has previously said that it will follow Frankfurt’s lead in suspending Steinhoff’s share

By Tehillah Nieselow
Steinhoff restructure: No guarantee Wiese will get Pepkor back
Article
/ 27 April 2018

Steinhoff restructure: No guarantee Wiese will get Pepkor back

The former chairperson has instituted two claims against the retailer for agreements made in 2015 and 2016

By Lameez Omarjee
Wiese sues Steinhoff
Article
/ 26 April 2018

Wiese sues Steinhoff

The former chairperson has lodged a claim of R59-billion against the retailer

By Staff Reporter
Steinhoff dances to zombie drums
Article
/ 26 April 2018

Steinhoff dances to zombie drums

The beleaguered retailer will struggle to get up off its knees under the weight of crushing bills

By Staff Reporter
​Steinhoff’s ex-CEO could make a tidy penny after deal with banks
Article
/ 25 April 2018

​Steinhoff’s ex-CEO could make a tidy penny after deal with banks

After Markus Jooste’s investment company has sold off assets to pay his creditors, the former Steinhoff CEO could make about R500-million

By Gemma Ritchie
Steinhoff shares drop over 15%
Article
/ 24 April 2018

Steinhoff shares drop over 15%

Steinhoff announced that a forensic investigation by PwC has so far uncovered the overstatement of income and assets at its AGM

By Jan Cronje
Translating masses of Steinhoff docs from English slows German criminal probe
Article
/ 21 April 2018

Translating masses of Steinhoff docs from English slows German criminal probe

German authorities are struggling to analyse a wealth of financial documents seized from a Steinhoff subsidiary as the documents are in English.

By Jan Cronje
Steinhoff’s board behaved badly. Why it needs to be held to account
Article
/ 9 April 2018

Steinhoff’s board behaved badly. Why it needs to be held to account

All directors at the furniture retailing giant should be held accountable for the international corporate scandal.

By Jannie Rossouw
Vote on extra pay for Steinhoff directors scrapped
Article
/ 5 April 2018

Vote on extra pay for Steinhoff directors scrapped

Steinhoff has scraped a vote on extra pay for directors at its AGM

By Jan Cronje
In the headlines: A wrap of the day’s newspapers
Article
/ 4 April 2018

In the headlines: A wrap of the day’s newspapers

Stay up to date with what made the leads in some of the country’s daily’s

By Staff Reporter
Jooste won’t appear before parly inquiry – report
Article
/ 27 March 2018

Jooste won’t appear before parly inquiry – report

Former Steinhoff CEO was invited to appear before a joint meeting on Wednesday of four committees, including those of finance and public accounts.

By Staff Reporter
Steinhoff submitted ‘malicious’ report to Hawks
Article
/ 13 March 2018

Steinhoff submitted ‘malicious’ report to Hawks

The Hawks have told the Standing Committee on Public Accounts that the report contains ‘nothing’

By Jan Gerber
Steinhoff to sell part of stake in KAP to help settle debt
Article
/ 13 March 2018

Steinhoff to sell part of stake in KAP to help settle debt

The conglomerate has been facing liquidity issues since early December, when the group’s auditors flagged financial irregularities in its financials.

By Carin Smith
Formal rules are needed for class action lawsuits
Article
/ 5 March 2018

Formal rules are needed for class action lawsuits

A number of cases brought before the courts have started to build a fram​ework to guide class actions. But there is still a gap

By Staff Reporter
Shoprite profits a ray of light to Wiese after $2bn Steinhoff loss
Article
/ 28 February 2018

Shoprite profits a ray of light to Wiese after $2bn Steinhoff loss

Shoprite, which announced higher profit this week, advanced about 40% in the past year, softening Wiese’s financial blow from the Steinhoff collapse

By Staff Reporter
Digging under way after Steinhoff collapse
Article
/ 2 February 2018

Digging under way after Steinhoff collapse

​After a long silence over the Steinhoff International saga, which cost investors R200-billion, investigators are now kicking up the dust.

By Tebogo Tshwane
Holes in Steinhoff’s management led to its corporate scandal
Article
/ 29 January 2018

Holes in Steinhoff’s management led to its corporate scandal

The Steinhoff case highlights weaknesses in the governance structure the company had chosen to operate under.

By Staff Reporter
Focus shifts to Steinhoff’s ex-chair Christo Wiese
Article
/ 26 January 2018

Focus shifts to Steinhoff’s ex-chair Christo Wiese

It appears US banks lost $1-billion when they loaned to the tycoon who used his Steinhoff shares as collateral

By Staff Reporter
Troubled Steinhoff to restate results back to 2015
Article
/ 2 January 2018

Troubled Steinhoff to restate results back to 2015

Last month, Steinhoff revealed it was under criminal and tax investigations, with a reported six-billion-euro ($7-billion) hole in its accounts.

By Agence France Presse
South Africa’s race relations laid bare in Steinhoff scandal
Article
/ 24 December 2017

South Africa’s race relations laid bare in Steinhoff scandal

The corporate scandal will do South Africa a huge service if it makes the point that corruption and mismanagement have nothing to do with race.

By Point Author
EOH blames ‘forced sale’ of shares for price free-fall
Article
/ 11 December 2017

EOH blames ‘forced sale’ of shares for price free-fall

The stock of EOH, an information and communications technology services provider, dropped by 55% on Friday.

By Jan Cronje
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