Tag: Steinhoff
Steinhoff finally faces angry investors after 95% stock plunge
When Steinhoff International Holdings NV held its annual general meeting a year ago, the company had a market value of about 20 billion euros ($25 billion)....
Steinhoff cuts estimated value of major European property portfolio
Embattled retailer Steinhoff has announced that the true value of real estate interests owned by one of its European subsidiaries may be €1.1bn (about...
South African regulator probing Steinhoff auditors to continue investigation
South Africa's Independent Regulatory Board for Auditors (IRBA) said on Sunday that following its initial review of Steinhoff's auditors Deloitte South Africa it would...
Capitec reels on new Viceroy Report
Viceroy, the group that exposed accounting fraud at Steinhoff, has struck again.
After weeks of speculation about which SA firm it had in...
Steinhoff’s European woes cast shadow over SA business
Steinhoff's South African entity could write off all the loans that were made to the group’s European operations and still carry on, an executive...
Steinhoff forms sub-commitee with former Absa, Sanlam CEO & investment banker
Steinhoff has added former banking and insurance heavyweights to form a sub-commitee board following the resignation of its CEO, Markus Jooste on Tuesday over...
Wiese loses billionaire status as Steinhoff continues massive sell-off
Once the richest man in South Africa, retail tycoon Christo Wiese has lost his dollar billionaire status, Forbes’ realtime rankings show.
As of...
Steinhoff shares fall 61% on opening after CEO resigns amid ‘irregularities’
Shares in Steinhoff International Holdings NV fell as much 61% at opening on the JSE on Wednesday following the resignation of the company’s CEO...
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