Steinhoff says Christo Wiese has stepped down as chairman

Retail group Steinhoff, which is fighting for survival following its disclosure of accounting irregularities, said on Thursday that tycoon and major shareholder Christo Wiese had stepped down as chairman. Steinhoff said in a statement that Wiese had offered to resign to reinforce independent governance of the company and that the[…]

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‘We want the criminals arrested’: Cosatu on Steinhoff saga

Trade union federation Cosatu has expressed its anger over the reported accounting irregularities at household goods retailer Steinhoff. Steinhoff announced on Wednesday that CEO Markus Jooste was stepping down with immediate effect in connection with the irregularities. “The federation demands swift and decisive action to ascertain what transpired and for[…]

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