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Retail

Steinhoff calls in heavyweights to help defuse accounts crisis

Dec 09 2017 19:22

Steinhoff International's response to an accounting scandal that wiped €11bn from the value of the global retailer, has been to assign three board members to keep a closer eye on corporate governance.

Retail

Steinhoff hits junk as R282bn in value is lost

Dec 10 2017 06:00

Fallout over the share crash remains at fever pitch as the finance minister and trade unions lambaste the company over possible financial irregularities.

Retail

Union wants Markus Jooste banned from Cape Town horse race

Dec 09 2017 13:15

Public Servants Association has asked the organisers of a Cape Town horse race to ban former Steinhoff CEO Markus Jooste from entering his animals into the competition.

Retail

Lenders have billions at risk as Steinhoff crisis deepens

Dec 09 2017 11:01

Blindsided by the sudden plunge in Steinhoff shares and bonds, US and European banks have been told they’d have to wait another week to confront the global retailer over an accounting scandal.

Retail

Banks, creditors to meet Steinhoff

Dec 09 2017 07:45

US and European banks are among creditors with billions of dollars in exposure to Steinhoff International whose asset value has plummeted amid an accounting scandal.

Retail

Frankfurt Stock Exchange keeps Steinhoff shares trading

Dec 08 2017 20:42

The Frankfurt Stock Exchange, where global furniture retailer Steinhoff has its primary listing, has said it is not considering halting the trade in Steinhoff's shares.

Retail

WATCH: Making sense of what's happening at Steinhoff

Dec 08 2017 16:15

Steinhoff International Holdings, the prized jewel in many an investment portfolio, has gone from hero to nearly zero in less than 60 hours, as Fin24 presenter Moeshfieka Botha explains.

Retail

JSE not halting trade despite Steinhoff bloodbath

Dec 08 2017 10:40

The JSE has decided not to suspend the listing of Steinhoff International or halt trading of its shares, saying there is at this stage “no compelling reasons to do so”.

Retail

Steinhoff share price: From R46 to R6 in under three days

Dec 08 2017 10:08

Steinhoff International's share price dropped to under R6 after CEO Markus Jooste's departure amid an accounting scandal.

Retail

A Steinhoff guide for dummies - where it all started

Dec 08 2017 07:45

Six questions about Steinhoff you were too embarrassed to ask (including who the Steinhoff is that started it all). .

Inside Fin24.com

 
Retail

Steinhoff woes mount as Moody's downgrades retailer by four notches

Dec 08 2017 07:07

Moody's Investors Service downgraded Steinhoff by four notches to B1, and placed the rating on review for further downgrade as an accounting scandal roils the global retailer.

Retail

SA joins Steinhoff probe

Dec 07 2017 22:00

South African regulators have joined the investigation into an accounting scandal at Steinhoff International that’s wiped over R150bn off the value of the global furniture and clothing retailer.

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