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Steinhoff

Steinhoff results raise more doubt
Article
/ 10 May 2019

Steinhoff results raise more doubt

Revised financial statements reveal just how deeply compromised the ‘zombie company’  is

By Lynley Donnelley
The Republic of Commissions could need just one more inquiry
Article
/ 5 April 2019

The Republic of Commissions could need just one more inquiry

This destruction of our state entities, as we know, was aided and abetted by the private sector parties that are meant to act as watchdogs

By Kevin Davie
Fictitious and irregular deals key to Steinhoff heist
Article
/ 16 March 2019

Fictitious and irregular deals key to Steinhoff heist

The summary of a PwC report sketches an outline of the conspiracy at the heart of efforts to inflate the retail group’s profits and assets

By Lynley Donnelly
Struggling investments sting PIC
Article
/ 7 December 2018

Struggling investments sting PIC

The state pension fund is feeling the pain of its stakes in Steinhoff and Independent Media

By Lynley Donnelly
Forensic report into Steinhoff finances delayed
Article
/ 6 December 2018

Forensic report into Steinhoff finances delayed

Steinhoff expects to receive the report at the end of February

By Agency
Steinhoff class action is payback
Article
/ 9 November 2018

Steinhoff class action is payback

The major bid lists as many as 42 defendants to get as much as possible out for investors

By Tebogo Tshwane
Lack of funding limits probes into auditors, MPs told
Article
/ 10 October 2018

Lack of funding limits probes into auditors, MPs told

IRBA cannot afford to hire more investigators

By Lameez Omarjee
Auditor General: Irregular spend at ‘all-time high’
Article
/ 8 October 2018

Auditor General: Irregular spend at ‘all-time high’

According to Makwetu, irregular expenditure at local government has accelerated

By Sibongile Khumalo
On companies and scandal
Article
/ 28 September 2018

On companies and scandal

"If we can stay on the right side of the law and keep the books presentable, what’s going on at these big organisations?"

By Dinika Govender
Lenders allow Jooste more time to pay up
Article
/ 25 September 2018

Lenders allow Jooste more time to pay up

Lenders and other creditors have now agreed that Markus Jooste has until March 2019 to repay his debts without interest

By Loni Prinsloo 1
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
Supercool Jooste stays untouched
Article
/ 7 September 2018

Supercool Jooste stays untouched

Markus Jooste has become a walking wanted poster that shows what a corporate gangster looks like in South Africa

By Raeesa Pather
Parliament committee tells Hawks to move on Steinhoff
Article
/ 5 September 2018

Parliament committee tells Hawks to move on Steinhoff

Steinhoff’s former CEO Markus Jooste testified to Parliament that he did not know about any ‘accounting irregularities’ at the furniture retail giant

By Raeesa Pather
Jooste: I did not know about accounting irregularities
Article
/ 5 September 2018

Jooste: I did not know about accounting irregularities

​Former Steinhoff CEO Markus Jooste has testified that the blame for the company’s share price collapse lay with a disgruntled former partner

By Raeesa Pather
Editorial: Give clarity on land restitution
Article
/ 10 August 2018

Editorial: Give clarity on land restitution

‘Land reform has never been just a nice-to-do. Both for reasons of equity and to provide a base for economic growth, it has always been a have-to-do’

By Editorial
Steinhoff may be ‘the tip of the iceberg’
Article
/ 24 July 2018

Steinhoff may be ‘the tip of the iceberg’

Steinhoff en die Stellenbosse Boys, launched earlier in July, traces the history of retailer Steinhoff

By Marelise Van Der Merwe
Wiese disputes amaBhungane tax evasion report
Article
/ 19 July 2018

Wiese disputes amaBhungane tax evasion report

The former Steinhoff chair has been implicated in alleged multibillion rand tax evasion schemes, amaBhungane reported

By Gemma Ritchie
CEOs earn R24.9m at SA’s 10 biggest companies
Article
/ 12 July 2018

CEOs earn R24.9m at SA’s 10 biggest companies

The report finds that only 2.2% of the CEOs at JSE-listed companies are women

By Agency
SARB’s Kuben Naidoo clears Capitec confusion: There is no new probe
Article
/ 4 July 2018

SARB’s Kuben Naidoo clears Capitec confusion: There is no new probe

The bank on Wednesday morning reiterated that it had not been contacted by the NCR

By Staff Reporter
Steinhoff shares jump 40%, reach best price in two months
Article
/ 3 July 2018

Steinhoff shares jump 40%, reach best price in two months

The retailer’s stock is still down by over 95% from where it was before news of Jooste’s resignation reached the market

By Jan Cronje
Elusive Jooste is ‘hiding’ in plain sight
Article
/ 1 June 2018

Elusive Jooste is ‘hiding’ in plain sight

The billionaire was often in the public eye, but he has seemingly gone to ground since the Steinhoff scandal

By Staff Reporter
Markus Jooste no ‘puppet master’
Article
/ 23 May 2018

Markus Jooste no ‘puppet master’

Allegations that the former Steinhoff chief executive is still a de facto director at Mayfair are ‘unwarranted and baseless’ speculation

By Carin Smith
Investec bleeds R220m from Steinhoff exposure
Article
/ 17 May 2018

Investec bleeds R220m from Steinhoff exposure

Steinhoff shares have plunged more than 95% since it reported irregularities in its accounts in December, valuing the business at about R8.85-billion

By Staff Reporter
Auditing firms need an overhaul
Article
/ 11 May 2018

Auditing firms need an overhaul

Organisations and people depend heavily on audit reports, which is why they have to be trustworthy

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
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’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
Parliament committee resolves to subpoena Markus Jooste
Article
/ 28 March 2018

Parliament committee resolves to subpoena Markus Jooste

Parliament’s joint-committees have agreed to subpoena former Steinhoff CEO Markus Jooste, after he declined an invitation to appear before them

By Lameez Omarjee
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