Physical oil prices have fallen internationally, reflecting easing concerns over Russian-led supply disruptions and worries of a global economic slowdown
US retailers stocked up on goods last autumn and winter only to face a demand downturn as consumers divert spending to increasingly expensive fuel and food
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Reducing people’s unnecessary movement for a few days as soon as new cases emerge is a key practice of the East Asian country’s Covid-zero strategy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Mercedes-Benz will bring its luxurious EQS electric vehicle to SA later in 2022
Steinhoff International Holdings relocated two units at the heart of its accounting scandal to the UK as the retailer embarks on a new phase of recovery after reorganising debt.
Steinhoff Europe and Steinhoff Finance Holdings will move from Austria to Cheltenham, England — where the company’s UK business is based. The supervisory boards of both units have been redrawn, with Steinhoff CFO Philip Dieperink and commercial director Louis du Preez holding positions at the Europe division. Joining them is Richard Heis, a corporate restructuring specialist previously at KPMG hired by Steinhoff in February.
The trio are part of the new leadership team charged with rescuing the owner of Poundland in the UK and Mattress Firm in the US after its share price collapsed and CEO Markus Jooste quit.
Steinhoff won support in July from a majority of creditors to restructure €9.4bn of debt — a crucial step towards its potential survival. Auditors at PwC are investigating the company’s accounts with a ...
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