Steinhoff was South Africa’s biggest corporate scandal when it collapsed after Deloitte confirmed there were accounting ...
The report was made available to certain media outlets in mid-December, but little has been said about it thus far ...
Steinhoff has been under investigation for suspected accounting fraud by the state prosecutor in Oldenburg, Germany, since 2015, the year it listed on the Frankfurt stock market. Prosecutors say ...
Steinhoff’s shareholders, including ordinary citizens and pension funds, lost about R250 billion when Steinhoff collapsed in December 2017.
Its former chief financial officer, Ben la Grange, pleaded guilty to fraud in October ... the auditors of Steinhoff in the Netherlands, identified accounting irregularities in Steinhoff’s ...
The Steinhoff fraud is deemed to be South Africa's biggest ... a Western Cape High Court judgment that the PwC report into accounting irregularities at the now-liquidated Steinhoff Group be ...
However, in the case of Steinhoff (now Ibex), the SCA found that the dominant purpose behind the forensic report was to investigate accounting irregularities, not for litigation, thus it was not ...
PwC had to analyse and investigate allegations of potential accounting irregularities and/or potential noncompliance with laws and regulations made against various Steinhoff entities and its ...
Close to 98% of Steinhoff's share value was wiped out in 2017, when the accounting scandal first broke. Those heavy losses also affected investors in South African pension funds. Mr Jooste ...