BUSINESS MAVERICK: Steinhoff’s future remains bleak after 2017 results highlight scale of its losses By Ed Stoddard
results on Tuesday 7 May 2019, you might make an effort to get them out at a civilised hour.
That was when auditors from Deloitte announced they could not sign off the accounts because the books had been cooked more thoroughly than a. That sparked the resignation of former CEO Markus Jooste and a forensic probe by PwC, which uncovered a scheme whereby inter-company dealings were masked as external income, fraudulently boosting profits and hiding costs.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff has reported an operating loss at 3.7-billion euros vs restated profit 278-million euros, blaming writedowns for the loss. The assets are valued at 17.5-billion vs 32.2-billion in 2016 but says its on track to release 2018 results in June
Read more »
Steinhoff’s highly anticipated 2017 results reveal yet more painThe value of the retailer’s assets has shrunk amid massive losses and restatements in the wake of the accounting scandal
Read more »
Steinhoff paints gloomy outlook as 2017 losses shrink asset pool
Read more »
Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff, which is also listed in Frankfurt, delayed the results after finding holes in its accounts, shocking investors who had backed its reinvention from small South African furniture outfit into a discount furniture retailer straddling four continents.
Read more »
Steinhoff’s highly anticipated 2017 results reveal yet more painThe value of the retailer’s assets has shrunk amid massive losses and restatements in the wake of the accounting scandal
Read more »
Steinhoff set to release 2017 results, shares riseSteinhoff had to put off the publication of its results after a $7.17 billion accounting fraud that stunned investors in the group.
Read more »
Joe Jonas, Sophie Turner wed in Las VegasThe Game of Thrones actress and the Jonas Brothers member got engaged in 2017.
Read more »
From golden visas to airplane deals – what we've learned from Steinhoff's 'real' resultsFrom golden visas to airplane deals – what we've learned from Steinhoff's 'real' results | BISouthAfrica
Read more »
Nepi Rockcastle cleared of false reporting by FSCAEuropean shopping centre giant did not engage in false financial reporting 2017
Read more »
Nepi Rockcastle cleared of false reporting by FSCAEuropean shopping centre giant did not engage in false financial reporting 2017
Read more »
National Health Laboratory Service finally able to fire CEO and CFO'In September 2017, the suspended CEO and CFO failed in their application to the CCMA to set aside their suspension and/or to declare it unlawful.'
Read more »