South African Firm Steinhoff A No Show at Parliament
Leaders of furniture giant Steinhoff, the South African company that saw a spectacular collapse after fraudulent accounting moves were revealed, was supposed to appear before a parliamentary committee to explain their actions and the loss of government employees' pension funds invested with the company. The top brass Heather Sonn, Johan Van Zyl and Steve Booysen were expected to testify but strangely Markus Jooste the former chief among them, "respectfully" refused to appear. Soon after, the whole team decided to do the same...
Retail holding company Steinhoff has assured parliament that it will cooperate fully with regulators regarding progress into investigations of accounting irregularities which ... Read more »
Steinhoff Africa Retail (STAR), a retailer servicing sub-Saharan Africa operating across several sectors, and listed on the Johannesburg Securities Exchange, is this week facing ... Read more »
Steinhoff, a public company with a huge stake in the furniture retail sector in Africa and Europe, saw its share price tumble following the news of accounting and management ... Read more »