Pepkor
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Jan 31, 2022 · Steinhoff sold off around 20% of the business and still owns approximately 79%, which is valued at around €4bn (R70bn). Steinhoff owns 50.1% of Pepkor after selling off more than R7bn late last year. Its shareholding in the business is worth roughly R42bn, at current market values.
Steinhoff International was a multinational holding company that was dual listed in Germany and South Africa. It was officially liquidated on 13 October 2023. [3] Its holdings were in the retail sector, primarily in furniture and household goods, and included a 43,8% stake in South Africa's Pepkor group.
After Deloitte confirmed that Steinhoff had falsified its financial statements, the JSE fined Jooste about $880 000 (R16.5m) for violations of its listing regulations while the SARB in 2021 seized ...
Jul 26, 2023 · Markets. Steinhoff Nears End as Advisers Amass $495 Million in Fees. Steinhoff International Holdings NV headquarters in Stellenbosch, South Africa. Photographer: Waldo Swiegers/Bloomberg. By...
Markus Johannes Jooste (22 January 1961 – 21 March 2024) was a South African businessman and the CEO of Steinhoff International. He was an avid horse breeder, and in 2016 was reported to be one of Africa's richest people, worth $400 million.
Jan 30, 2023 · Updated Jan 30, 2023, 01:04pm EST. An Enron-like accounting scandal at South Africa-based furniture group Steinhoff International wiped out billions of retail tycoon Wiese’s fortune. After a...
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Oct 6, 2021 · The market value of Jooste’s 74-million-share stake in Steinhoff is worth R219.3 million ($14.5 million), up 105 percent from its valuation of R107.1 million ($7.1 million) at the close of the Johannesburg Stock Exchange on July 6, 92 days ago.
