Mr Market’s thumbs up for new Investec CEOs – this time he’s got it rightΒ
Investec jumped almost 3% yesterday on the disclosure of its long-in-gestation succession plans.
Investec jumped almost 3% yesterday on the disclosure of its long-in-gestation succession plans.
The future survival, or otherwise, of Steinhoff will depend on how its big global creditors respond.
Of special interest to Steinhoff shareholders is the disclosure that total debt is only half of the widely quoted β¬21bn.
In the wake of ex-chairman Christo Wiese’s departure on Friday, Steinhoff’s former chief operating officer Danie van der Merwe (59) has been appointed acting CEO.
Christo Wiese and international banks are emerging as the biggest losers in the Steinhoff disaster.
Steinhoff has informed shareholders that accounting irregularities go back further than the 2017 financial statements. Therefore, the 2016 financials should be disregarded.
Although he made obligatory media appearances after each set of Steinhoff’s financial results, Markus Jooste wasn’t one for interviews.
Sygnia CEO Magda Wierzycka joins Biznews founder Alec Hogg, looking at where the Steinhoff seams started to split in this interactive webinar.
After copping some justifiable flack for a lack of communication after Wednesday’s bombshell announcement, Steinhoff has kicked off what will hopefully be a stronger communication flow through a couple of statements on the Stock Exchange News Service.
The Biznews SA Champions portfolio, which was launched in January this year, has a very specific mandate. We believe in South Africaβs people and here’s the October update.