Steinhoff

You can also listen to this podcast on iono.fm here. Download the free LiSTN audio app on Google Play, Apple or here. RYK VAN NIEKERK: Welcome to this week’s edition of the Be a Better Investor podcast. It’s a podcast where I speak to…

It appears increasingly probable (in case it wasn’t obvious in December already) that shareholders in Steinhoff International will walk away with nothing. The Whoa restructuring plan (from Wet Homologatie Onderhands Akkoord; Dutch…

Last week, the terminal Steinhoff saga had new developments on the corporate and criminal front. More than five years after the revelation of the accounting scandal in December 2017, which saw the company’s share price collapse and…

The Public Investment Corporation (PIC) has managed to dispose of more than half of its remaining stake in technically-insolvent retailer Steinhoff. This was revealed in an announcement by Steinhoff late last week in which it disclosed…

You can also listen to this podcast on iono.fm here. FIFI PETERS: Today was supposed to be payday for some aggrieved Steinhoff shareholders who lost money – some a lot of money – when the company stock price tumbled 95% when the…

Steinhoff shareholders are looking to authorities in Europe for justice in what has been described as the largest corporate scandal in South Africa. Shareholders mostly believe there have been few signs of a local criminal investigation…

Steinhoff International Holdings has appointed Paul Copley (46) as its new deputy chair following the end of Peter Wakkie’s (73) term on 22 March 2023. Read: Whoa … are Steinhoff shares heading for zero? Copley was elected by the…

Steinhoff shares have been quietly losing a cent or two every day after shareholders voted against all the resolutions to implement a debt restructuring plan at its AGM on 22 March 2022. The plan offered shareholders an interest of 20% in…

A shareholder group from Germany has been identified as the main opponent voting against all the resolutions at Steinhoff’s annual general meeting on Thursday last week. Schutzgemeinschaft der Kapitalanleger (SdK) – meaning the protection…

Steinhoff International Holdings NV failed to pass a plan to give creditors 80% of its equity as it sought to be released from its debt that is due at the end of June. Shareholders rejected all the resolutions that were voted on at the…