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Did Steinhoff’s board structure contribute to the scandal?

Owen Skae, Rhodes University The global retail group Steinhoff is reeling under allegations of accounting fraud. Since the allegations surfaced last year the CEO of...

SA investors have a problem due to high concentration risk

Adam Ebrahim, Chief Investment Officer, Oasis Asset Management argues that the South African equity market is highly concentrated in a few stocks which presents dangers for investors.

Steinhoff to place shares in PSG Group worth around $620 MN

 South African retailer Steinhoff plans to sell about 7.5 billion rand ($620 million) of shares in investment firm PSG Group as it scrambles to...

Billionaire Christo Wiese may have caused the selloff in Aspen: Saad  

Aspen’s CEO discusses his relationship with Steinhoff’s former CEO Markus Jooste Wiese’s selloff.

Steinhoff board member resigns to focus on firm’s Africa unit

Steinhoff International Holdings NV said on Thursday that Jayendra Naidoo resigned as a member of its supervisory board to focus his efforts on the...

Steinhoff begins fire sale

Shares in Carrefour rose on Friday after Europe’s largest supermarket retailer agreed to buy 17 percent of online fashion retailer Showroomprive.com.

Viceroy Research hits back at SA’s critics

Viceroy tells CNBC Africa it is open to assist regulators.

Steinhoff has a funding gap of R8bln ($660mn), it is racing to plug it

South African furniture retailer Steinhoff is racing to plug a 200 million euro ($238 million) funding gap in the next few days.

Steinhoff shares rebound as CFO moves to new position

Steinhoff, which has debts of around 10.7 billion euros, plans to hire a debt restructuring expert in the role of chief restructuring officer.

Moody’s downgrades Steinhoff deeper into junk on default fears

Ratings agency Moody’s on Thursday downgraded Steinhoff’s debt deeper into “junk” territory and warned further downgrades could follow due to mounting cash flow problems...

Steinhoff’s Asia Pacific unit seeks to distance itself from crisis of parent

Steinhoff International’s Asia Pacific unit stressed its business was sound and sought to distance itself from its troubled parent on Thursday, even as the...

Dutch authorities to investigate Deloitte over Steinhoff

AFM's oversight aims at safeguarding the quality of statutory audit

Steinhoff scandal knocks $12BN off value in blow to tycoon Wiese

Shocked Steinhoff shareholders have wiped more than $12 billion off its value since it revealed “accounting irregularities” and parted ways with its chief executive,...
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Class action launched against Steinhoff; open to investors from around the world

Class action launched against Steinhoff; open to investors from around the world

Scandal-hit Steinhoff’s lenders start cutting credit, shares tumble

Steinhoff (SNHG.DE) (SNHJ.J) said on Tuesday it had started to lose credit lines from lenders and was still unable to determine the scale of...

Op-Ed: Steinhoff scandal points to major gaps in stopping unethical corporate behaviour

Jannie Rossouw | University of the Witwatersrand A corporate scandal unfolding around one of the largest businesses coming out of South Africa, Steinhoff, has become a...
Germany investigates unit of South Africa's Steinhoff International

Steinhoff African unit to repay $1.2BN loan to troubled parent

Steinhoff’s African business is preparing to repay $1.2 billion it owes to its parent, it said on Friday, a move that would go a...
Steinhoff

Steinhoff’s ex-chairman Wiese calls off Steinhoff Africa Retail, Shoprite deal

More than $10 billion has been wiped off retailer Steinhoff’s market value in the last two weeks following the disclosure of accounting irregularities and also its chief executive’s exit.
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