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Steinhoff purchased Mattress Firm at $64 a share in 2016, when it had been trading at $29 a share. (Getty Images)
JAMES BRENT STYAN

Steinhoff may be ‘the tip of the iceberg’

Steinhoff en die Stellenbosse Boys, launched earlier in July, traces the history of retailer Steinhoff

  • Marelise Van Der Merwe
5 min read
“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.
CAPITEC BANK

SARB’s Kuben Naidoo clears Capitec confusion: There is no new probe

The bank on Wednesday morning reiterated that it had not been contacted by the NCR

  • Fin1
4 min read
Basani Maluleke is charged with refinancing African Bank and rolling out its transactional banking service.
AFRICAN BANK

African Bank CEO up for a challenge

Critical to success is a roll-out of transactional offerings and securing refinancing

  • Staff Reporter
9 min read
Ismail Momoniat
CAPITEC BANK

Finance committee grappling with Viceroy status

Ismail Momoniat said the status of Viceroy as a company made it difficult for South Africa to hold its report responsible.

  • Khulekani Magubane
3 min read
Former South African Revenue Service commissioner Tom Moyane appointed KPMG to investigate the allegations of a so-called ‘rogue unit’ in Sars. (Paul Botes/M&G)
KPMG

Full day of hearings into corporate scandals in Parliament

The standing committee on finance will roll up its sleeves for a full day of hearings into Steinhoff, KPMG, VBS Mutual Bank, and SARS

  • Khulekani Magubane
3 min read
Explaining to do: Des de Beer
CAPITEC

Reports erode faith in Resilient

Its share price has plummeted and investors are waiting for the results of an investigation

  • Staff Reporter
6 min read
‘While stakeholders continue to try to separate fact from fiction
AFRICAN BANK

Viceroy comes up short on Capitec

JP Verster was right about African Bank and Steinhoff but disagrees with Viceroy’s latest report

  • Staff Reporter
9 min read
“The problem is that some anal​ysts speculate that Viceroy is purposely using its publicity for profit.”
CAPITEC BANK

Is Capitec Another Steinhoff? Not Quite.

Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in ​a sheep’s clothing and a loan shark”

  • Timothy Fish Hodgson
5 min read