Sainsbury’s and Asda seek to salvage deal with £1bn pledge

Competition authority's concerns that the combination could lead to higher prices prompts retail groups to offer to divest some interests across both brands 

Roses are red, violets are blue, chocolate is pink

Nestlé’s ruby chocolate is a hit in Asia, where they are open to such radical deviations in a food staple; the product will not be launched in the US

Steinhoff promises that those implicated will be held accountable

Heather Sonn, chair of Steinhoff’s supervisory board, and CEO Louis du Preez will brief parliament on Tuesday

WATCH: How gaming and leisure contributed to Grand Parade’s earnings

Grand Parade Investments acting CEO Mohsin Tajbhai talks to Business Day TV about the company’s interim results

GPI looking for a partner for Burger King

Group expects the fast-food chain to make a profit in 2020 financial year

Pepkor gets some much-needed relief from Steinhoff contagion

PwC investigation finds the retailer did not benefit from any of the dubious transactions investigated

Steinhoff ex-chair Christo Wiese open to talks over $4bn claim

‘I would expect Steinhoff to give me back my money, and I will give them back their worthless shares,’ Wiese said after Friday’s report

Steinhoff shares jump on PwC report

The report shows that about €6.5bn worth of fictitious transactions between 2009 and 2017 inflated the group’s profits and asset value

Burger King’s losses have widened, laments Grand Parade

The company says the past year has been challenging, especially its food businesses, which have been affected by tough economic conditions

PwC report lifts Steinhoff stock in Frankfurt

The PwC report's €6.5bn worth of fictitious transactions is significantly below the €12.4bn tagged by management in 2018, says analyst

Steinhoff executives inflated profits by more than R100bn, PwC finds

The 14-month forensic probe conducted by PwC didn’t identify any culprits by name

Three quarters in a row of sales growth for H&M

H&M, whose main rival is market leader Inditex, says net sales excluding VAT were up 10% versus expectations of an 8% rise

Steinhoff probe will reveal ‘fraud on a grand scale’

Steinhoff International Holdings former non-executive director Johan Van Zyl says forensic report by PwC focuses on the wrongdoing of a ‘few individuals’

WATCH: How Denny owner Libstar rewarded investors

Libstar Holdings CFO Robin Smith talks to Business Day TV about the company’s full-year results

Libstar banks on new food products

Consumer goods manufacturer and distributor Libstar, which produces products like Laughing Cow, Lancewood dairy products, and Denny Mushrooms, says it adjusted ...

Shares in Denny owner Libstar jump on maiden dividend

The company says the retail sector is under pressure due to economic uncertainty and lower levels of consumer spending

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