Steinhoff: Retail investors can now apply to receive compensation
Retail investors that held Steinhoff shares up to the close of business on 5 December 2017 can now apply to receive compensation.
Retail investors that held Steinhoff shares up to the close of business on 5 December 2017 can now apply to receive compensation.
Nearly four later and the bean counters at Steinhoff can once again sleep easy as the 2021 annual report obtained a clean audit opinion.
Embroiled retailer Steinhoff has announced that its US subsidiary, of which it owns a 50.1% stake, has filed for an initial public offering.
South Africa’s largest clothing retailer sees a successful Covid vaccination rollout as key to reopening the economy and adding new stores.
Pepkor is rapidly reopening stores after violent unrest in South Africa in July caused as much as R1.3bn damage to about 550 shops, or 10% of its total.
Steven Nathan shares his rational opinion on a number of controversial issues making the headlines in South Africa today.
Steinhoff has raised R7.3bn through a 10% sale of Pepkor, which the retailer will distribute to claimants as part of the settlement offer.
One of South Africa’s in form fund managers Piet Viljoen is the man to talk to in the midst of reporting season on the JSE.
Cashbuild’s proposed acquisition of Pepkor’s TBC has fallen through with the Competition Commission blocking the transaction.
Ramaphosa told Zondo that “the vast majority of ANC leaders, members and cadres are vehemently opposed to corruption in all its manifestations”.