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South Africa: Steinhoff Still Alive and Kicking
Daily Maverick, 30 August 2019
The embattled household goods retailer is delivering growth against all odds, and will live to see another day. Read more »
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South Africa: Govt Pension Fund Could Take U.S.$784 Million Hit From Steinhoff Share Collapse
Daily Maverick, 15 August 2019
The bruising loss could have been minimised if the Public Investment Corporation (PIC) hadn't sold its derivative insurance structure that protected it against a collapse in the… Read more »
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South Africa: Steinhoff Corporate Fraud Beyond What Anyone Envisaged, Inquiry Hears
News24Wire, 15 August 2019
Lancaster Group's investment into Steinhoff in 2016 was "disrupted" by the corporate fraud at the multinational retailer, the PIC commission of inquiry heard. Read more »
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South Africa: A 'Dear Friend' SMS From Markus Jooste Adds to His Steinhoff Woes
allAfrica, 6 August 2019
A 'Dear Friend' SMS of apology from Markus Jooste days before the news of the Steinhoff firm's rot was exposed, has been handed in as evidence in a court case that is seeing the… Read more »