According to the consultancy firm’s probe, Hemisphere’s top 20 properties were overvalued by 30% in Steinhoff’s 2017 financial year. PwC noted that it could not ...
PwC’s report, the outcome of a lengthy investigation, stated that: “We have identified the Campion Group as an alleged third-party group of companies which the Steinhoff ...
The three-step process started when companies in the Genesis Group, nominally independent of Steinhoff, bought the Austrian furniture retailer. This company, the ...
This, a comprehensive PwC investigation showed, had been ongoing for, in some cases, 10 years.
Aveng's subsidiary Moolmans has secured a R10. 6 billion contract with Black Mountain Mining's Gamsberg zinc mine, yet shares fell 8. 32% following the announcement. ...
The company expects normalised profit from operations to rise between 25% and 30%, reflecting continued business resilience and strategic execution
Over the period of 2013 to 2017, Jooste was awarded R65m in strategic project bonuses, which included for deals such as successfully negotiating the Pepkor transaction. ...
Petra Diamonds has reported a rise in cash flow from operations for the interim period to December, despite a significant 30% dip in revenues in a challenging operating ...
This information is contained in a 7 000-page report that Business Report secured through a Promotion of Access to Information Act request.
If people think that the regulators have sufficient time and budget to scrutinise every set of financial result with a magnifying glass, which have been signed off ...
South Africa's largest trade union federation warns that proposed US tariffs could jeopardise thousands of jobs across multiple sectors, potentially affecting the ...
The three are collectively facing charges of nine counts of fraud worth millions of rands, manipulation of financial statement and failure to report fraudulent activities ...
The suspects, who have not been named as they have yet to be charged, are appearing on charges of Contravention of the Prevention of Organised Crime Act, Contravention ...
The suspects, who have not been named as they have yet to be charged, are appearing on charges of Contravention of the Prevention of Organised Crime Act, Contravention ...
According to the PwC report, it was alleged that both the Steinhoff Group and Seifert, sold technical know-how, brands, rights and trademarks to the Talgarth Group ...
The corporate scandal, often called South Africa’s largest, led to then CEO Markus Jooste’s apparent suicide, former directors being arrested, and a massive loss ...
In some cases, account balances were entered manually into the Steinhoff finance consolidated reporting pack Excel document, “which allows for manual errors and ...
Hundreds of pages of court papers have been exchanged between the two parties. Now, MANZI is arguing that the marketing fund has been misused.
This latest disbursement amounts to R28. 6 million, bringing total payments since the Trust's inception to nearly R80 million, it said in a statement on Monday. ...
This latest disbursement amounts to R28. 6 million, bringing total payments since the Trust's inception to nearly R80 million, it said in a statement on Monday. ...
In the 7,000-page PwC report into the wrongdoings at the company, which was officially liquidated on October 13, 2023, the consultancy firm details several accounting ...
In the 7 000-page PwC report into the wrongdoings at the company, which was officially liquidated on October 13, 2023, the consultancy firm details several accounting ...
The National Union of Mineworkers has strongly opposed Petra Diamonds’ plan to retrench 200 employees from its Cullinan and Finsch mines, citing economic hardship, ...
One particular fraud was perpetrated through a contribution of $162m from one Steinhoff subsidiary, SEAG Austria, to another, Mattress Firm, referred to throughout ...
Pick n Pay's latest trading update reveals a tale of two retailers: while Boxer demonstrates remarkable 11. 4% growth, the core Pick n Pay brand faces ongoing challenges ...