Steinhoff said after the JSE's close on Thursday that Ben la Grange had stepped down as finance chief to focus on shoring up liquidity within the beleaguered retailer, which said "significant near-term liquidity" was still needed. 5 Jan 2018
Dar es Salaam, Tanzania - Uchumi Supermarket Suppliers Union chairman Joseph Mlay has confirmed that the first batch of names who are owed by the supermarket chain has been released and awaiting for government tools to be appointed by Kenya government to release the funds. 3 Jan 2018
Credit ratings agency Moody's downgraded debt held by embattled South Africa-based home retail giant Steinhoff on Thursday and warned of further downgrades amid "increasing pressure" on the company's cashflow. 29 Dec 2017
At Christmas time, vacant shop spaces suddenly fill with new vendors selling decorations, small toys, gifts and calendars for the following year. Christmas markets seem to materialise out of thin air, and even online retailers set up shop on the high street. By the new year, these will all vanish without a trace. Yet for businesses, the pop-up store phenomenon is more than just a phase. 27 Dec 2017
BEIJING, China - British toy retailer Hamleys opened its largest store in the world in Beijing on Saturday, just two days before Christmas as debate played out over whether the holiday should be banned in the Communist country. 27 Dec 2017
Eastern Cape Liquor Board chairman Khanyile Maneli has warned traders not to sell alcohol to visibly drunk motorists as this would be a violation of their trading conditions. 27 Dec 2017
Steinhoff's eagerly awaited presentation to a group of its bankers was met with dismay on Tuesday, as the global furniture retailer said that it could still not quantify the magnitude of the "accounting irregularities" that had led to the bombshell resignation of its charismatic CEO Markus Jooste two weeks ago. 21 Dec 2017
Image credit: Michael Ettershank
Pre-Christmas shopping may be disrupted on Friday when supermarket workers down tools. 20 Dec 2017
Steinhoff International promoted its chief operating officer, Danie van der Merwe, to acting CEO on Tuesday. 20 Dec 2017
Analysts warn that 2018 is going to be a challenging year for retailers in general, but they expect food and grocery retailers to hold their value despite a tough macroeconomic environment. 19 Dec 2017
STOCKHOLM, Sweden - Swedish clothing giant Hennes & Mauritz on Friday said sales fell below expectations in the fourth quarter and it would close more stores as customers increasingly prefer to shop online. 18 Dec 2017
Markus Jooste. Image credit: Financial Mail
The fall of Markus Jooste, the now-disgraced former CEO of Steinhoff, has badly rattled his legion of disciples. 18 Dec 2017
South African billionaire, Christo Wiese, has resigned as chairperson of Steinhoff's supervisory board in the midst of an accounting scandal that has left the retail group's reputation in tatters. 15 Dec 2017
Even though Christo Wiese has taken the helm as the interim CEO and is trying to stabilise the ship through the storm, Steinhoff faces the threat of becoming the biggest bankruptcy in South African corporate history. 12 Dec 2017
Markus Jooste, the billionaire face of South Africa's biggest ever corporate scandal, grew up in the world of horse racing and gambling. [Last] week his own bets turned to dust as he was forced to resign as CEO of Steinhoff International hours before R194-billion of value - almost its entire market capitalisation - in the company he founded was sensationally wiped out. 11 Dec 2017
Steinhoff International's share price continued to plummet in heavy trade on Wednesday as fears mounted of long drawnout investigations by regulatory authorities in Europe, the US and locally in SA. 7 Dec 2017
Steinhoff International CEO Marcus Jooste resigned on Tuesday night, ahead of the furniture retailer's results scheduled for release on Wednesday. 6 Dec 2017
Tobacco company Philip Morris International (PMI) has opened its first South African boutique store at the V&A Waterfront in Cape Town, which will serve as the primary retail space for the company's smoke-free tobacco product, IQOS. South Africa is the fourteenth country where PMI has established a bricks-and-mortar retail presence for the device. 5 Dec 2017
As with other retailers at this stage in the uncompromising economic environment, the results of Spar Group reflect "the weak state of consumer buying power and confidence", the company laments. 4 Dec 2017
Woolworths chairman Simon Susman told shareholders at Tuesday's annual general meeting that the board was confident of the group's Australian strategy. "We believe in the strategy and we believe in Ian [Moir, the CEO] and his team, but we are in the eye of the storm," said Susman. 29 Nov 2017
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