Ellerines, the furniture retail unit of collapsed African Bank Investments Limited (ABIL), may close before the end of January, threatening 8,000 jobs. This follows the failure of a rescue process to ...

JOHANNESBURG/ FRANKFURT (Reuters) - South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion (£1.1 billion) in local companies PSG Group and KAP Industrial to help plug a ...

NEW YORK — Lawson Ricketts and Nick Geimer never expected their move to Africa 20 years ago would lead to a global home furnishing and design brand. The founders of New York-based Ngala Trading, an ...

South African furniture retailer Steinhoff International Holdings NV has agreed to buy Mattress Firm Holding Corp. for about $2.4 billion in cash, a deal that would mark its entry into the U.S. market ...

CAPE TOWN, South Africa, Aug. 8 (UPI) --South Africa's Steinhoff International Holdings NV will purchase Houston-based Mattress Firm Holding Corp. for $2.4 billion, its first entry into the U.S.

South African furniture retailer Steinhoff International said on Friday Britain’s Poundland’s board had rejected a proposal about a possible cash offer. Steinhoff bought a 23 percent stake in ...

JOHANNESBURG, Oct 27 (Reuters) - South African furniture retailer Lewis Group will pay 67.1 million rand ($4.91 million) to customers it had mistakenly sold loan insurance, the company said on Tuesday ...

Steinhoff International Holdings NV (SNH.JO) said Monday it raised 1 billion euros ($1.18 billion) through the sale of 23.19% of its interest in Steinhoff Africa Retail Ltd. (SRR.JO), which floated on ...

In South Africa, craft may be ancient, but design is young. With the launch in 2017 of the world-class Zeitz Museum of Contemporary Art Africa designed by British architect Thomas Heatherwick in Cape ...