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Du Preez on Tuesday delivered a stark assessment of Steinhoff's options at the South African company's first public investor presentation since a $7 billion accounting fraud scandal broke ...
Steinhoff offered A$3.50 in cash per share for the Fantastic Holdings acquisition. The South African furniture and general retailer, which is expanding its business abroad, last month raised ...
The Deloitte Company logo is seen on a commercial tower at Gurgaon, on the outskirts of New Delhi, India. Reuters/Parivartan Sharma The announcement sent Steinhoff's Johannesburg-listed shares ...
Scandel-hit Steinhoff International agreed to sell its shares in furniture retailer Conforama France to Mobilux Sàrl, the parent company of retailer BUT, for a nominal amount, the company said on ...
co-chief executive officer of financial services firm African Rainbow Capital Ltd. and a Steinhoff non-executive director since May 2016, the company said after the market closed on Friday.
Jooste, who was the CEO of Steinhoff until December 2017, had been under investigation for years, along with other executives, for accounting irregularities that led to the company’s liquidation.
Shares in Steinhoff fell another 15% Friday, extending a rout that has wiped out nearly $12 billion in market value since the company said its chief executive had resigned and it had identified ...