Tag: Steinhoff International
Steinhoff may be ‘the tip of the iceberg
The Steinhoff case raises important questions about our financial system as a whole – and the possible consequences if other companies were subjected to the same level of scrutiny, says James-Brent...
Steinhoff to ‘vigorously’ defend itself against Wiese’s R59bn claim
Steinhoff said it would defend itself against a R59bn claim by former chair Dr Christo Wiese’s entity Titan Group.
According to a notice issued to shareholders on Thursday afternoon, in...
Revealed: Steinhoff’s foray into the ultra-luxurious Cape Town residential market
In an incredible turn of events, and following the implosion of the Steinhoff share price amid allegations that its previous CEO, Markus Jooste, had been manipulating the company’s financial statements, Moneyweb...
Christo Wiese dumps Steinhoff shares
In an astonishing sign of lack of confidence in Steinhoff International, Steinhoff’s former chairperson Christo Wiese has cut his stake in the troubled retailer, to 6.2percent, regulatory filings show, which may...
Steinhoff to buy outstanding Poundland shares
Steinhoff recently announced its intention to purchase the outstanding shares of London-listed discount retailer group Poundland. Steinhoff acquired 23% of the issued shares through the market, which in turn forced it...
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Western Cape remains an attractive destination for foreign direct investment
Global foreign direct investment (FDI) flows recovered to US$1.58 trillion in 2021, up from US$963 billion recorded in 2020 and higher than pre-pandemic...
