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United States

Steinhoff Africa Retail Ltd (SRRJ.J)

SRRJ.J on Johannesburg Stock Exchange

1,655.00ZAc
20 Jul 2018
Change (% chg)

-25.00 (-1.49%)
Prev Close
1,680.00
Open
1,725.00
Day's High
1,725.00
Day's Low
1,650.00
Volume
2,470,025
Avg. Vol
5,522,906
52-wk High
2,740.00
52-wk Low
1,434.00

Latest Key Developments (Source: Significant Developments)

Steinhoff Africa Retail Says Deloitte South Africa Decided To Resign As External Auditor Of STAR
Wednesday, 23 May 2018 10:45am EDT 

May 23 (Reuters) - Steinhoff Africa Retail Ltd ::NOTIFICATION OF CHANGE IN AUDITOR.BY MUTUAL AGREEMENT WITH STAR MANAGEMENT AND ITS AUDIT COMMITTEE, DELOITTE SOUTH AFRICA HAS DECIDED TO RESIGN AS EXTERNAL AUDITOR OF STAR, EFFECTIVE MAY 23.DELOITTE'S DECISION TO RESIGN CAME TO REDUCE EXISTING DUPLICATION OF EFFORT AMONG DIFFERENT AUDIT FIRMS TO CONTINUE TO COMPLY WITH PROFESSIONAL STANDARDS.  Full Article

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​