About: http://data.cimple.eu/news-article/8c98714ae96fe551ac3c799f4a30d63c41e673ca47ba0cc03cac5e65

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About: http://data.cimple.eu/news-article/8c98714ae96fe551ac3c799f4a30d63c41e673ca47ba0cc03cac5e65 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Embattled international retail giant Steinhoff was fined 13.5 million rand ($818,000) by the Johannesburg Stock Exchange on Tuesday for breaching listing requirements including publishing "false and misleading" information. The company is still struggling to emerge from a huge scandal in 2017 when it was investigated on suspicion of fraud, with a reported six billion euro (seven billion dollar) hole in its accounts. Steinhoff, which is listed in both Frankfurt and Johannesburg, saw nearly 98 percent of its share value wiped out as it faced a barrage of litigation from aggrieved shareholders and business partners, including former chairman Christo Wiese. The JSE, whose own probe has uncovered a trail of deception in Steinhoff's affairs, said Tuesday that the company's finanical reports in 2016, 2015 and prior periods did not comply with international reporting standards. In addition, the information disclosed was "incorrect, false and misleading in material aspects", the JSE said, announcing three fines totalling 13.5 million rand. Steinhoff CEO Louis du Preez said the company noted the JSE decision and was pleased that its probe was concluded. However, the JSE said its investigation into the conduct of individuals who presided over the company during the periods in question was ongoing. Shares in Steinhoff, which was founded in Germany and now has holdings in several retail brands across the world, were down 1.16 percent to 85 cents in Johannesburg on Tuesday. mgu/txw
schema:headline	S.Africa fines scandal-hit retailer Steinhoff over false data
schema:mentions	South African rand Frankfurt Trail Johannesburg United States dollar Germany Chief executive officer JSE Limited Christo and Jeanne-Claude
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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