Steinhoff ex-CEO’s old ally joins roll call of corporate pariahs

After three decades behind the scenes, Stehan Grobler is now in the spotlight. Having met former Steinhoff International Chief Executive Officer Markus Jooste three decades ago, 59-year-old Grobler went on to serve as a long-standing executive while the retailer expanded across the world. But when an accounting scandal erupted at the South African company in [...]

2018-09-04T13:14:23+02:00August 28th, 2018|

Timeline: Top 20 stories for 2017 on Business Report

2017 has been filled with breaking stories, from company scandals to rand downgrades and cabinet reshuffles in Parliament. We take a look at the top Business Report stories this year that has made the cut onto the top 20 list. Aeon Investment Management Chief Investment Officer, Asief Mohamed contributed a few comments. Read this article [...]

2018-05-18T09:06:28+02:00December 20th, 2017|

Ratings agency downgrades credit rating to junk

Embattled Steinhoff’s woes deepened on Friday when  Moody’s Investor Service hit out at its board and slashed the group’s credit rating by four notches to junk.  The group’s ratings were also put under review for further downgrade.  Moody’s said its decision reflects the uncertainties and implications for the company’s liquidity and debt capital structure arising [...]

2018-05-18T09:13:20+02:00December 10th, 2017|
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