Lewis Group continues recovery

May 23 2018 15:29

Lewis Group has continued its recovery in the financial year to March 2018 with stronger merchandise sales, tight expense control and lower debtor costs.


STAR raises R18bn to repay Steinhoff International

May 23 2018 13:48

Steinhoff Africa Retail has successfully raised R18bn from financial institutions to repay its shareholder funding provided by Steinhoff International Holdings.


No foul play in dividend to transfer Lodestone shares - Jooste son-in-law

May 22 2018 22:00

The declaration of a dividend in specie (a distribution in a form other than cash) – which included the transfer of Lodestone shares from Mayfair Speculators to Mayfair Holdings – was above board, says Stefan Potgieter.


H&M eyeing local suppliers

May 22 2018 15:54

Swedish clothing retailer H&M is considering sourcing some of its merchandise from local suppliers. Teams from abroad are already in the country to assess potential partners.


Woolworths Australian boss John Dixon shown the door

May 22 2018 10:38

The retailer says the axing of the regional Australian CEO position is part of a move to simplify its regional leadership structure.


Lodestone share sale shouldn't be 'one horse race', says Markus Jooste's son-in-law

May 21 2018 19:50

A 'one horse race' with only one bidder would not be in the best interests of shareholders of fast-moving consumer goods business Lodestone, says Markus Jooste's son-in-law Stefan Potgieter.


Sasko owner Pioneer Foods posts 30% jump in profits

May 21 2018 10:51

Pioneer Food has reported a 3% dip in turnover in the six months ended March 31, 2018, from R10.2bn to R9.9bn, due to price deflation in soft commodities.


Steinhoff seeks three-year debt extension amid account probe

May 18 2018 22:46

Steinhoff International Holdings is seeking a three-year extension on most of its $11.3bn of debt as it battles to come to grips with an accounting scandal that’s wiped more than 96% off the share price.

Inside Fin24.com


Parties to meet as Markus Jooste's Mayfair aims to 'offload' Lodestone stake

May 18 2018 18:06

Deliberations are expected soon in the court application by minority shareholders in Lodestone, in a bid to prevent Markus Jooste's Mayfair from selling its shareholding in the company.


Embattled Steinhoff will finally release results in June

May 18 2018 15:21

Embattled retailer Steinhoff has confirmed it will release the financial results of the first half of 2018 on June 29, 2018.

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