Shyft adds London and Frankfurt stock exchanges to give investors even greater choice
Shyft expands investment horizons: adds London and Frankfurt stock exchanges, offering over 800 diverse global shares.
Shyft expands investment horizons: adds London and Frankfurt stock exchanges, offering over 800 diverse global shares.
Steinhoff failed to make its annual financial report for the financial year 2016/17 publicly available within the prescribed period.
Volkswagen gives sneak peek of upcoming Amarok; Daimler Truck launched on Frankfurt Stock Exchange; Toyota halts production at two Japanese factories.
Andy Bond, the man in charge of Steinhoff’s crown jewel Pepco, has decided to step down based on health grounds.
The JSE has, with immediate effect, suspended the trading of the SHS34 Notes, which comprise Steinhoff’s preference shares.
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.
The failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate failure on the JSE.
Steinhoff plans to raise as much as $2.7 billion by selling shares to repay the money it borrowed for recent acquisitions.
In between his Stellenbosch home, the Amsterdam HQ and visiting offices worldwide, in London yesterday, Steinhoff CEO Markus Jooste squeezed in an hour to update Alec Hogg on proceedings.