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Steinhoff shares tumble after accounts, PwC probe delayed

Reuters  |  JOHANNESBURG 

By Nqobile Dludla and Emma RumneyJOHANNESBURG (Reuters) - A probe into accounting irregularities at Steinhoff International and the release of the retailer's restated results have been delayed, it said on Thursday, sending its shares down as much as 21 percent. The company, engulfed in one of South Africa's biggest corporate scandals, said it had been forced to abandon plans to publish both its 2017 and 2018 financial statements by the end of January 2019, citing delays to a forensic investigation being conducted by auditors PricewaterhouseCoopers (PwC).The investigation is being carried out ...

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First Published: Thu, December 06 2018. 13:38 IST
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