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Tag: Steinhoff

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...

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...

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Scientists are a step closer to curing Ebola as Congo trial...

Scientists are a step closer to being able to cure the deadly Ebola haemorrhagic fever after two experimental drugs showed survival rates of as...

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