Latest News & Developments
pepkor
Retailability strikes deal with Pepkor to boost market presence in adult wear
In a bold move set to reshape Southern Africa's retail market, Retailability's new partnership with Pepkor could signal exciting changes in adult wear offerings.
Pepkor to acquire Retailability stores in strategic expansion of adultwear market
Pepkor is set to acquire hundreds of stores from Retailability, including brands like Legit and Swagga, as part of its strategy to expand its market share in the adultwear sector. This acquisition is expected to enhance Pepkor's offerings and strengthen its position in the competitive retail landscape.
PwC investigation: How Steinhoff used complex brand sales to inflate profits
A PwC investigation has uncovered how Steinhoff manipulated its profits through complex trademark transactions between 2001 and 2017, revealing a sophisticated scheme involving GT Global Trademarks to artificially inflate brand values and meet profit targets
PwC investigation: Steinhoff artificially inflated deal value to enrich executives
A 7,000-page PwC investigation reveals how Steinhoff orchestrated one of South Africa's biggest corporate scandals through inflated deals and fraudulent accounting worth R125 billion. The report exposes questionable acquisitions, including well-known brands like Tekkie Town and Poundland, while detailing the complex web of special purpose vehicles used to perpetrate the fraud