Profit wiped out by costs related to the investigation into its sketchy transactions.
Retailer says roadblock will delay its restructuring plans.
Retailer says investigation is significantly more complex than anticipated.
Steinhoff-owned retailer undergoing rapid reorganisation.
Company provides debt update to South African parliament.
Investor support comes through, while Steinhoff Africa votes to change name.
The revelation came in Steinhoff International’s half yearly report which details the extent of the issues surrounding the embattled company.
Embattled company Steinhoff International has admitted in its quarterly update that its working capital has dried up.
Retail giant shares dramatically plunge following announcements.
Furniture retail group’s board “unanimously recommends” South African group’s takeover offer.