Steinhoff, Shoprite merger called off; shares surge
Shoprite and Steinhoff announced that they will no longer pursue their proposed merger, as the parties involved could not reach agreement on the share exchange ratio.
Shoprite and Steinhoff announced that they will no longer pursue their proposed merger, as the parties involved could not reach agreement on the share exchange ratio.
Nando’s, the South African fast-food company known for its spicy chicken and fries, is considering an initial public offering, says people familiar with the matter.
Steinhoff and Shoprite are in talks to combine their African retail businesses in a deal that left some investors complaining about its complexity and a shortage of details.
Mining veteran Neal Froneman is hard at work selling Sibanye’s effective offer of $2.7bn to buy Stillwater Mining Company of Montana.
Andy Bond is charged with turning the recently acquired 800-store Poundland chain into the jewel of Steinhoff’s rapidly expanding European retailing empire.
A chartered accountant and tax specialist, Markus Jooste says he puts relationships and people at the top of his priorities. Great advice for any entrepreneur.
Steinhoff’s stock price has also rewarded investors, delivering an almost 300% return over the past 5 years. But is the story still rosy?
Steinhoff plans to raise as much as $2.7 billion by selling shares to repay the money it borrowed for recent acquisitions.
In this in-depth assessment of Steinhoff, independent investment analyst Mark Ingham dives into the detail and comes to some interesting conclusions.
Acquisitive South African clothing and furniture retailer Steinhoff has announced its latest purchase and reported a 20 percent rise in full-year profit.