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On Writing: A Memoir of the Craft is a book by American author Stephen King that describes his experiences as a writer and his advice for aspiring writers.
The scandal has the whiff of deep-seated deceit, with onlookers cautioning that Tongaat Hulett is looking like another Steinhoff.
Massmart announced on Thursday that it had hired an American heavy hitter, Mitch Slape, as CEO. The stock still plummeted 13%.
Steinhoff is facing a mass investor lawsuit in German after a Frankfurt court received ten suits, the minimum amount to allow the cases be heard jointly under a special group litigation procedure.
Steinhoff said its ability to operate as a going concern is under threat from a range of challenges including mounting legal claims and a debt load that the company is working to restructure.
While South Africans went peacefully to the polls yesterday in the country’s sixth free and fair national election, the world got even gloomier for former Steinhoff kingpin Markus Jooste.
Steinhoff’s former CEO Markus Jooste received almost $2.4m of bonuses without required approvals in the months before the global retailer almost collapsed amid an accounting crisis.
Steinhoff expects more doom and gloom to follow the release of its long-awaited 2017 earnings in which the retailer saw the value of its assets shrink amid massive losses and restatements in the wake of an accounting scandal.
Steinhoff said its struggling French furniture retail unit Conforama raised about $357m to help fund the business amid a mounting debt load.
The former owners and management of Tekkie Town yesterday launched an urgent application in the Western Cape High Court against Steinhoff and its subsidiary Pepkor.