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Steinhoff shares tumble after accounts, PwC probe delayed

Dec 06 2018

JOHANNESBURG A probe into accounting irregularities at Steinhoff International and the release of the retailer's restated results have been delayed, it said on Thursday, sending its shares down as much as 21 percent.

UPDATE 2-Steinhoff shares tumble after accounts, PwC probe delayed

Dec 06 2018

* Steinhoff delays publication of 2017, 2018 financial statements

S. Africa's KPMG reports ex-partner to police over bank scandal - sources

Nov 23 2018

JOHANNESBURG, Nov 23 KPMG South Africa has reported a former partner to the police over his alleged role in a corruption scandal in which almost 2 billion rand ($144 million) was stolen from VBS bank, two KPMG employees familiar with the matter said.

UPDATE 2-South Africa's Tiger Brands to spin off 42 pct stake in Oceana

Nov 22 2018

JOHANNESBURG, Nov 22 South Africa's Tiger Brands , which is recovering from a food contamination crisis, will spin off its 42 percent stake in fishing company Oceana Group, worth $330 million, to focus on growing its food and drinks business.

Steinhoff promotes commercial director to CEO, shares leap

Nov 19 2018

JOHANNESBURG Steinhoff has appointed commercial director Louis du Preez, a key figure in its attempts to recover from a financial crisis, as its permanent chief executive, sending shares in the South African retailer as much as 15 percent higher on Monday.

UPDATE 2-Mediclinic to cuts Swiss capex, open more outpatient surgery units

Nov 15 2018

JOHANNESBURG, Nov 15 Mediclinic International Plc plans to reduce capex for its Swiss business, open more outpatient surgery units and medical centres in order to mitigate regulatory challenges in Switzerland's healthcare market.

Shoprite to pay South African customers for reusing plastic bags

Oct 23 2018

JOHANNESBURG Shoprite Holdings, South Africa's biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution.

KPMG South Africa to hire external CEO after corruption scandal

Oct 03 2018

JOHANNESBURG KPMG South Africa said on Wednesday it was looking for a new chief executive from outside the company to restore the auditor's reputation after a corruption scandal that saw it lose several major clients.

UPDATE 2-Old Mutual shareholders to get $3.5 bln from Nedbank spin-off

Sep 26 2018

* Old Mutual will distribute 158.7 mln Nedbank shares to shareholders

Thousands flock to Africa's first Comic Con

Sep 17 2018

JOHANNESBURG From the mother of dragons in "Game of Thrones" to Captain America from the "The Avengers", thousands of comic book and science fiction fans went head-to-head for the best costume at the first Comic Con Africa on Friday. | Video

World News

U.S. Senate hands Trump historic rebuke on Saudi Arabia

The U.S. Senate delivered a rare double rebuke to President Donald Trump on Saudi Arabia on Thursday, voting to end U.S. military support for the war in Yemen and blame the Saudi crown prince for the murder of journalist Jamal Khashoggi.