Dealz owner fined €3.2m

South Africa’s financial regulator has fined Steinhoff International Holdings the owner of the Dealz discount chain here and Poundland in the UK.

Dealz owner fined €3.2m
Fri, 13 Sep, 2019 - 06:30
Bloomberg

South Africa’s financial regulator has fined Steinhoff International Holdings the owner of the Dealz discount chain here and Poundland in the UK.

The fine was a record 53 million rand (€3.25m) for failing to properly disclose accounting problems. The regulator is probing at least 10 individuals in connection with the late-2017 scandal.

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CourtsPlace: South AfricaPlace: UKPerson: Brandon TophamPerson: TophamPerson: SteinhoffPerson: Louis du PreezPerson: CEOPerson: Markus JoosteOrganisation: DealzOrganisation: Steinhoff International HoldingsOrganisation: PoundlandOrganisation: Financial Sector Conduct AuthorityOrganisation: SteinhoffOrganisation: Steinhoff GroupOrganisation: Bloomberg
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