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Tag: Steinhoff

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...

Markus Jooste profited handsomely from Steinhoff property deals

Markus Jooste, who quit as head of Steinhoff International Holdings NV in December amid an accounting scandal, oversaw a complex series of transactions where decisions made by the South African retailer...

Investec Bank lost R220 million due to Steinhoff

Investec Bank has said on Thursday that they have lost R220 million due to their credit exposure relating to Steinhoff.     The company released their financial results for the year ended...

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How an Antarctic iceberg will solve SA’s water crisis

He is a man who has fought armed pirates, salvaged cruise ships and rescued penguins in need. But now he is trying to solve...

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