Edition:
United States

Steinhoff Africa Retail Ltd (SRRJ.J)

SRRJ.J on Johannesburg Stock Exchange

2,024.85ZAc
21 Feb 2018
Change (% chg)

-24.15 (-1.18%)
Prev Close
2,049.00
Open
2,049.00
Day's High
2,100.00
Day's Low
1,945.00
Volume
2,604,791
Avg. Vol
7,508,773
52-wk High
2,740.00
52-wk Low
1,434.00

Latest Key Developments (Source: Significant Developments)

Natixis CEO Says Has Sold Majority of Steinhoff Exposure
Tuesday, 13 Feb 2018 12:39pm EST 

Feb 13 (Reuters) - Natixis Sa ::NATIXIS SAYS HAS SOLD MAJORITY OF ITS STEINHOFF EXPOSURE AT PRICE COMPARABLE TO PROVISIONS IT HAD MADE - CEO.NATIXIS CEO SAYS MARKET VOLATILITY WILL NOT END THIS WEEK.  Full Article

Steinhoff Africa Retail Says Qtrly Revenue Grew 15.5 Pct To 18.4 Bln Rand
Friday, 9 Feb 2018 04:00am EST 

Feb 9 (Reuters) - Steinhoff Africa Retail Ltd ::‍STAR ACHIEVED REVENUE GROWTH OF 15.5% TO R18.4 BILLION DURING THREE MONTHS ENDED 31 DECEMBER 2017​.‍ON A COMPARABLE BASIS, REVENUE GROWTH AMOUNTED TO 8.5% FOR QUARTER​.‍PEP AND ACKERMANS BRANDS IN AGGREGATE REPORTED 6.3% REVENUE GROWTH AND 1.9% LIKE-FOR- LIKE SALES GROWTH FOR QUARTER​.‍GROWTH IN SALES UNITS OF 9.8% (6.2% ON A LIKE-FOR-LIKE BASIS) SUPPORTED PERFORMANCE AS LOWER PRICES WERE PASSED ON TO CUSTOMERS​.‍PERFORMANCE IN THE QUARTER WAS AFFECTED BY DEFLATION AS A RESULT OF STRENGTHENED RAND​.  Full Article

Steinhoff Africa Retail Says Not To Implement Call Options Pertaining to Titan, Lavender Sky
Friday, 15 Dec 2017 07:20am EST 

Dec 15 (Reuters) - Steinhoff Africa Retail Ltd ::‍RECEIVED CONFIRMATION FROM TITAN WHICH CONFIRMS CALL OPTION AGREEMENT WITH TITAN WILL NOT BE CAPABLE OF IMPLEMENTATION AND WILL NOT BECOME UNCONDITIONAL​.CONFIRMATION MEANS THAT LAVENDER SKY CALL OPTION AGREEMENT WILL ALSO TERMINATE​.‍STAR BOARD WILL THEREFORE NOT BE ABLE TO IMPLEMENT CALL OPTIONS PERTAINING TO TITAN AND LAVENDER SKY​.‍WILL ENTER INTO DISCUSSIONS WITH REMAINING PARTIES IN RESPECT OF THEIR CALL OPTION AGREEMENTS TO ASSESS WAY FORWARD​.  Full Article

Steinhoff Africa Retail appoints Leon Lourens as CEO with immediate effect​
Wednesday, 6 Dec 2017 02:25am EST 

Dec 6 (Reuters) - STEINHOFF AFRICA RETAIL LTD ::‍EXISTING CEO, BEN LA GRANGE HAS DECIDED TO STEP DOWN AS CEO OF STAR​.CURRENT COO OF COMPANY, LEON LOURENS HAS BEEN APPOINTED TO BOARD, FURTHERMORE BEEN APPOINTED AS CEO OF STAR WITH IMMEDIATE EFFECT​.  Full Article

Steinhoff Africa Retail's FY Oper Profit Rises 25.2 Pct
Monday, 4 Dec 2017 12:05am EST 

Dec 4 (Reuters) - Steinhoff Africa Retail Ltd ::‍13.2% INCREASE IN FY REVENUE TO R58.6BN​.‍100 BPS FY MARGIN INCREASE TO 10.4%​.‍25.2% INCREASE IN FY OPERATING PROFIT TO R6.1BN​.‍BUSINESS IS ON TRACK TO OPEN ANOTHER 350 STORES DURING 2018 FINANCIAL YEAR​.‍GROUP WILL CONTINUE TO EXPLORE NEW TRADING FORMATS AND ALSO EXPAND ITS MARKET SHARE IN LADIES' WEAR AND ADDITIONAL SERVICES​.‍GROUP TARGETS A DIVIDEND COVER OF TWO TIMES HEADLINE EARNINGS FOR NEXT FINANCIAL YEAR​.‍NO FURTHER DIVIDEND WILL BE DECLARED FOR FY17​.FY ‍HEADLINE EARNINGS PER SHARE OF 133.6​ CENTS.  Full Article

Steinhoff Africa Retail Exercises Call Options To Acquire Controlling Interest In Shoprite​
Thursday, 30 Nov 2017 09:48am EST 

Nov 30 (Reuters) - Shoprite Holdings Ltd ::EXERCISED CALL OPTIONS TO ACQUIRE ABOUT 23.1% ECONOMIC INTEREST IN AND APPROXIMATELY 50.6% VOTING CONTROL OF SHOPRITE.​.  Full Article

BRIEF-Steinhoff Africa Retail Says ‍Allen Swiegers Resigned As Independent Non-Executive Director ​

* ‍ALLEN EDWIN SWIEGERS HAS TENDERED HIS RESIGNATION AS INDEPENDENT NON-EXECUTIVE DIRECTOR FROM BOARD OF STAR DUE TO PERSONAL REASONS​