The PIC inquiry hears about a R9.3-billion investment in Steinhoff which officials believed would grow.
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The eNCA Election Bus is on the road, touching base with communities around the country. Are political leaders in touch with people's needs?South Africa Latest News, South Africa Headlines
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#PICInquiry: Steinhoff shares fell within a year of PIC participation in Lancaster deal | IOL Business ReportExecutive says she cannot confirm how the transaction was originated and whether there had been prior iterations of the investment proposal.
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Steinhoff execs resign from KAP boardFollowing the reduction of Steinhoff's 26% indirect stake in KAP Industrial Holdings, its executives on the KAP board tendered their resignations.
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Newsdeck: Steinhoff was a ‘good buy’ for PIC at the time, witness tells inquiryThe Public Investment Corporation regarded Steinhoff shares as a good buy when it extended R9.35bn to empowerment group Lancaster 101 to buy shares in the now fraud-tainted retail conglomerate in 2016.
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Steinhoff delays publication of audited financial statementsThe multinational retailer has announced it will delay the publication of it audited financial statements due to the complexity of the accounting and audit work required.
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Steinhoff to release revised results on May 7The embattled retailer says it is struggling with its 2017 and 2018 results, and will not be releasing them in mid-April as previously indicated
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The Steinhoff audit stumbles, againThe PwC report appears to have opened up yet another rabbit warren.
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Steinhoff delays release of audited resultsThe embattled retailer says it is struggling with its 2017 and 2018 results, and will not be releasing them in mid-April as previously indicated
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ANALYSIS: Duarte's bluster shields ANC from Magashule questionsThe spectacle that was Jessie Duarte On Tuesday wasn't the only gaffe in the last 72 hours revealing the fissures inside the party.
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WATCH | Mongameli Bobani laughs off questions about Hawks raidMayor Mongameli Bobani laughed hysterically as a reporter from The Herald asked him about the raid on his office and home on Tuesday.
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