The Steinhoff story – revisiting the humble roots of today’s R260bn giant
A friend called today to chat about Steinhoff CEO Markus Jooste. It got me delving into my computer’s hard drive where I came across this bit of history.
A friend called today to chat about Steinhoff CEO Markus Jooste. It got me delving into my computer’s hard drive where I came across this bit of history.
Investment company Brait SE plans to sell its 6 percent stake in furniture retailer Steinhoff International Holdings Ltd. within 12 to 18 months, to fund further acquisitions.
Pepkor Ltd., the South African clothing retailer bought by Steinhoff International Holdings Ltd. for $5.7 billion in 2014, plans to double its presence in Nigeria with 10 store openings per year through 2018.
South African household goods firm Steinhoff has offered 1.2 billion rand ($99 million) for shares it does not already own in furniture retailer JD Group, it said on Tuesday.
I went to the Convention Centre yesterday to go and see the presentation by Steinhoff, they’ve just done the biggest deal in South African corporate history
Today’s market commentator, Gary Booysens of Vunani Private Clients, talks to us about – yes, of course, the oil price – but much more besides.
Vestact’s Sasha Naryshkine on today’s major news events – the Steinhoff AGM; a strong rise in the share prices of Sun International and ArcelorMittal.
It’s been stormy seas the last two days for SA investors. So while us Antipodeans wished for a lower oil price, it doesn’t come without unintended consequences.
Alec Hogg was joined by Christo Wiese to answer frank questions posed over the weekend around Wiese’s share purchase in the run-up to the Pepkor deal, in what should have been a closed period according to the Sunday Times.
Don’t be lulled by Thanksgiving. There is still a lot going on in our own market.