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Saturday, December 7, 2019

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Tag: Steinhoff

Steinhoff has been fined R53 million for misleading markets

South Africa’s market regulator has fined retailer Steinhoff a record 53 million rand ($3.6 million) for making “false, misleading or deceptive statements” to the market, the company said on Thursday. Steinhoff disclosed...

Steinhoff seeks 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...

7 things you need to know today

This is all the latest business news that you need to know today: 1. Steinhoff woes continue to pile up in Europe Troubled retailer Steinhoff International’s woes continue to pile up as one...

Group confirms suffering damage to its reputation

JOHANNESBURG – Steinhoff International confirmed suffering reputational damage from the recent accounting scandal as it recorded a 2 percent growth in group revenue to R221.7bn in the nine months to June.  ...

Steinhoff lost R80 million on the sale of its brand new company jet –...

Steinhoff on Friday afternoon released its interim results for the six months to end-March 2018. It suffered an operating loss of €152 million (R2.4 billion) and its revenue declined by 6% to...

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Substantial cost savings achieved as Konecranes upgrades old Wolff Crane

A 35 T/15 T Wolff Crane, that was installed in a local metal plant in 1989, was recently upgraded by Konecranes. The modernisation of...

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