Steinhoff’s first-half loss more than doubles to $1.7 bln

JOHANNESBURG (Reuters) - South African retailer Steinhoff International Holdings, battling to recover from a massive accounting fraud, saw its first-half loss more...

Steinhoff agrees to sell stake in Conforama France to Mobilux

JOHANNESBURG (Reuters) - Scandal-hit Steinhoff International agreed to sell its shares in furniture retailer Conforama France to Mobilux Sàrl, the parent company...

I’m an incurable optimist! We will adapt to survive COVID-19 says African billionaire Wiese

“It is the worst I could have ever imagined. I mean if somebody had told me such a thing is possible, I would have disputed that.- I don’t think the world has seen anything like it is going through at the moment,”

Steinhoff has been fined R53 million for misleading markets

Steinhoff disclosed the hole in its accounts in December 2017 which shocked investors and wiped more than 200 billion rand off its stock market value.

Steinhoff says it will struggle to turn a profit in coming years

Steinhoff will struggle to turn a profit in coming years despite strong turnover as it restructures following an accounting scandal.

Scandal-hit Steinhoff reports $400 million loss in half-year earnings

South African retailer Steinhoff reported a $401 million half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.

What you need to know about Steinhoff seeking to recoup payments made to ex-CEO

Steinhoff International said on Tuesday it had started legal proceedings against former Chief Executive Markus Jooste and ex-finance chief Ben La Grange to recover certain salary and bonus payments they got prior to 2017.

How Christo Wiese the rich dad of South Africa nearly became poor dad

Billionaire Christo Wiese says he was on the verge of losing everything in the Steinhoff scandal.

Steinhoff again delays release of financial statements sending its shares down

Steinhoff has repeatedly delayed publication of its accounts after a $7.4 billion accounting fraud that stunned investors.

Why Steinhoff investors agreed to extend suspension of legal battle

The lawsuit, brought in the Netherlands, was aimed at compensating investors for more than 14 billion euros ($16 billion).

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