Steinhoff shares sink as CEO Jooske leaves amid 'accounting irregularities'

Steinhoff International shares plummeted on Wednesday as its chief executive officer Markus Jooste resigned with immediate effect amid "accounting irregularities", while the release of the company's 2017 numbers has been postponed. The group, which owns more than 40 local brands in over 30 countries, said it has approached PWC to carry out an independent investigation after new information came to light related to accounting irregularities. "Steinhoff will update the market as the aforesaid ...

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