Latest News & Developments
deloitte
Collapsed Steinhoff faces revived 2019 price-fixing case as probe heads to Competition Tribunal
Steinhoff's tumultuous journey continues as the Pretoria High Court revives a six-year-old price-fixing case involving PG Bison and Sonae. What does this mean for the future of the company and its stakeholders?
PwC probe: R125bn in fictitious and irregular revenue flowed through Steinhoff’s accounts
A groundbreaking PwC investigation, obtained through PAIA, reveals how Steinhoff orchestrated South Africa's largest corporate scandal, manipulating R125 billion through artificial revenue inflation between 2009 and 2017. The report exposes eight companies' involvement and complex financial manoeuvres that led to the company's devastating 97% market capitalisation loss.
JSE tightened regulations after Steinhoff scandal exposes vulnerabilities in financial markets
The Johannesburg Stock Exchange implemented significant regulatory reforms following Steinhoff's 2017 accounting scandal. This article explores the changes made, the impact of Steinhoff's primary listing shift to Frankfurt, and the subsequent enforcement actions against key executives.