R/€ = 14.82 Change: 0.02
R/$ = 12.12 Change: 0.01
Au 1331.25 $/oz Change: -5.20
Pt 1014.00 $/oz Change: 0.99


Steinhoff CFO steps down as crisis-hit retailer shuffles top team

By: Reuters     5th January 2018 Steinhoff's finance chief stepped down from the role on Thursday to focus on helping the South African retailer plug a €2.4-billion euro ($2.9-billion) hole in its finances after an accounting scandal. The owner of more than 40 multinational retail brands including Conforama, Mattress Firm and... 

Moody's downgrades Steinhoff deeper into junk on default fears

By: Reuters     28th December 2017 Ratings agency Moody's on Thursday downgraded Steinhoff's debt deeper into 'junk' territory and warned further downgrades could follow due to mounting cash flow problems at the South African retail group. The company, majority owned by tycoon Christo Wiese, is fighting for survival following its... 

Steinhoff investor Wiese sells part of Shoprite stake

By: Reuters     21st December 2017 South African investor Christo Wiese has sold an additional R1.1 billion of shares in supermarket group Shoprite, exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff dented his fortune. More than $14-billion of shareholder value has been wiped off Steinhoff... 


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