Steinhoff also said its African unit will formally commit to refinancing its long-term liabilities owed to the company, boosting liquidity further.
The worldwide furniture and household goods retailer, with operations in the United States, Asia, Europe, Australia and New Zealand, saw its value plummet by two-thirds on Wednesday, wiping out an estimated R180-billion from the JSE.
"There's no way back", deputy chairman of Sasfin Wealth in Johannesburg David Shapiro said.
Steinhoff has its roots in South Africa and has expanded aggressively around the world with a series of acquisitions, including Mattress Firm and Poundland, and now has 130,000 employees worldwide. He hasn't yet responded to requests for comment.
Steinhoff said earlier this week its CEO Markus Jooste had resigned and that it had asked for an investigation into the discrepancies, triggering a heavy sell-off in its shares.
Steinhoff International Holdings NV extended Wednesday's record plunge in the wake of an accounting scandal and said it planned to raise at lease 1 billion euros ($1.2 billion) from an asset sale to boost liquidity. The retailer has scheduled a meeting with the lenders of two of its syndicated debt facilities for Monday, according to three people familiar with the matter.
"The minister is mindful that many retirement and savings funds may be adversely affected by the loss in the value of Steinhoff shares; therefore, members of retirement funds should be reassured that current regulations limit the extent to which any one fund may be invested in any one company".
The changes reflect an update in August to the Personal and Sensitive Information section of Google's Developer Policy Center. The company did not say whether the new policy of privacy violation warnings will apply to its own software as well.
The area where the incident occurred is a hub for educational institutions in the city including the University of Peshawar . The eyewitness, a student, said he and his colleagues ran as fast as they could but two of them were injured in the firing.
Prime Minister Turnbull campaigned in 2015 on the promise of having a revisitation of Australia's marriage laws. There have been two new announcements concerning gay marriage in just the past two or three days.
Gutierrez also revealed how he got a text from his son saying he can't leave the school as they are going on lockdown. Troyer said the Sheriff's Office obtained a search warrant to enter the home where the second suspect was arrested.
Felicia Moon told police she didn't wish to pursue criminal charges, but prosecutors filed charges against Moon. The lawsuit alleges that Moon acknowledged drugging Haskell because he thought she wasn't "having fun".
Meanwhile, Uttarakhand also witnessed heavy snowfall in the hilly regions of the state on Wednesday, bringing the mercury down. Residents in Delhi and Noida said that they had felt strong tremors but there are no reports of damage yet.
On Thursday, American provided an update that only "a few hundred" flights in December were without assigned pilots. American was able to reach a deal with its pilots' union which represents the airline's over 15,000 active pilots.
That means that the black hole quasar was formed exactly during that reionization phase after the Big Bang event. She was very interested in scientists, as it refers to the early period after origination of the Universe.
North winds of 8 to 14 miles per hour and a relative humidity in the low 20's caused the fire to spread rapidly to the south. The owner had been ordered to evacuate at 5 a.m. this morning with homes in the 1300 address range reportedly on fire .
It adds that it might not have to do that soon, as the trusters in use on the Voyager 2 are not as "degraded" as Voyager 1's. The "attitude control thrusters" have been in decline since 2014, and are now wasting more propellant than ever.
Nets acquire 76ers' Okafor, Stauskas
The fact that they also got a second-round pick thrown into the trade is a win for the Nets, who need all the help they can get. The two-year deal he signed with Brooklyn in 2016 for just over $18 million is up at the end of the 2017-18 campaign.
FPC Applauds Concealed Carry Reciprocity Vote
The legislation, Concealed Carry Reciprocity Act of 2017 , makes the concealed carry permit of one state valid in the other 49. Both parties saw defections with 14 Republicans- including the head of the Congressional Second Amendment Caucus, U.S.
LaVar Ball pulls LiAngelo Ball out of UCLA
LaVar Ball said that that the plan is still for LaMelo Ball - ESPN's seventh-ranked player in the class of 2019 - to go to UCLA . The three players are subject to review for violating the university's Student Conduct Code, which includes a section on theft.
Parking dispute leads to stabbing, auto into crowd
The person who died was pronounced dead at the scene while five injured were transported to an area hospital, according to police. Police said two people got into a fight and stabbed each other before the deadly hit-and-run.
Patriots Lead Bills 9-3 at the Half
Once again, Lewis (15 carries for 92 yards) and Burkhead (12 carries for 78 yards and two touchdowns) could not be stopped. Days like Sunday will be critical at playoff time when New England needs to run the ball in specific situations.
Final day for 2017 Toys for Tots registration
There are two ways to give this holiday season. "We want to be able to make a child's Christmas just a little bit brighter". Surrounded by over 100 colleagues, Federal Coordinating Officer Willie Nunn presented members of the U.S.