LATEST NEWS FOR PSG Group Ltd.  

PSG Group is an investment holding company consisting of underlying investments that operate across a diverse range of industries including banking, financial services, education and food and related business, as well as early-stage investments in se... [more info]

Steinhoff seeks about R3.8bn from KAP share placement

13 Mar 2018 /  Janice Kew and John Bowker, Bloomberg   6
Embattled retailer will reduce KAP stake to refinance debt.

PSG: Why we didn’t own Steinhoff

13 Feb 2018 /  Patrick Cairns   16
It wasn't the accounting.

Capitec, Steinhoff crisis management worlds apart

1 Feb 2018 /  Hilton Tarrant    3
One pretends to be an ostrich; the other has been nothing but proactive and transparent.

SA stocks post biggest daily fall in 14 months

30 Jan 2018 /  Nqobile Dludla and Alexander Winning, Reuters   1
Capitec falls nearly 25% as Viceroy Research casts doubts on its lending practises.

The funds most exposed to Capitec and PSG

30 Jan 2018 /  Patrick Cairns   11
As investors hold their breath.

Viceroy takes aim at Capitec

UPDATE
30 Jan 2018 /  Prinesha Naidoo   82
Bank shares fall on report.

Steinhoff finds $1.1bn under the mattress. Is it enough?

24 Jan 2018 /  Janice Kew and Luca Casiraghi, Bloomberg   5
Retailer pulls university sports sponsorships, sells private jet in scramble to raise funds.

Steinhoff raises R7.1bn from PSG stake sale

UPDATE
22 Jan 2018 /  Maria Sheahan, Reuters   10
Move comes as Steinhoff seeks to plug liquidity gap.

Steinhoff’s ex-CEO seeking 43% mark up on luxury property sale

17 Jan 2018 /  Loni Prinsloo and Renee Bonorchis   11
Jooste selling residence in exclusive South African estate.

Steinhoff to sell private jet as its cash runs low

5 Jan 2018 /  Renee Bonorchis   17
Steinhoff selling assets as credit lines dry up amid scandal.

Why Steinhoff could be next Enron

19 Dec 2017 /  John Bowker , Renee Bonorchis , and Franz Wild, Bloomberg   4
How badly has the company been wounded and what happens next? 

Rand rallies 2% as ANC set to pick new leader

15 Dec 2017 /  Mfuneko Toyana and Nqobile Dludla, Reuters  
Steinhoff woes continue, stocks weaken.

Steinhoff is said to win some support for credit extension

13 Dec 2017 /  Jacqueline Poh, Ruth David and Loni Prinsloo, Bloomberg  
Debt rollover request surpasses 1 billion euros, sources say.

Steinhoff ≠ EOH ≠ African Bank

13 Dec 2017 /  Hilton Tarrant    19
Fear and loathing (again) on the JSE.

Steinhoff has cost investors almost R300 billion

13 Dec 2017 /  Patrick Cairns   24
When one calculates the impact across related companies.

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