From The Dealing Desk 13-06-2018

13 June 2018 | Stephan Maritz

Deloitte taken to court over Steinhoff scandal

The Dutch Investors’ Association VEB has summoned Deloitte to appear before the district court in Rotterdam for breach of their obligations as auditors regarding the Steinhoff scandal.

Armand Kersten said that "by incorrectly providing an unqualified report for Steinhoff’s financial statements for 2016, Deloitte seriously failed its duties as laid down by law for auditors".

The court cases have been mounting against Steinhoff, with Coronation also announcing they will be taking legal action against Steinhoff in May.


Credit: Graph Provided by Sharenet Advanced Online Charts

Trade SNH From 0.3%

What to watch today


  • SA ex-div:  AFT 42c, BWN 21c; CRG 30c; CMH 115c; DNB 3c; HPB 78c; ISB 3c; IPF 70c; NVE 6c; NRL 26c; SYG 25c; TRE 50c; TSH 70c
  • GND ex-spinoff 1:40
  • AEG ex-rights 1199:100
  • GAM ex-rights 1:2
  • Peregrine FY18 results
  • Retail sales
  • BER business confidence

Europe & UK

  • UK CPI
  • UK PPI


  • No events


  • FOMC Meeting
  • PPI



Stephan Maritz
Head of Trading and Portfolio Analyst 

Stephan heads up Sharenet’s trading desk and is a full-time trader and portfolio analyst, also responsible for equity research across industries. Stephan developed his passion for the markets while working in the Stockbroking division of Standard Bank and is especially passionate about CFD trading. Stephan studied at the University of Stellenbosch and completed a BComm Honours (Business Management) with a focus in Portfolio Management and Bonds. He has also passed the JSE Equity Trader’s Exam, RE5 (Representative) and RE1 (Key individual) Exams as well as the Registered Persons Exams (RPEs) in order to give advice on equities.

The information contained in this article is for informational purposes only and must not be regarded as a prospectus for any security, financial product or transaction. It is neither to be construed as financial advice nor to be regarded as a definitive analysis of any financial issue. Investors should consider this research/article as only a single factor in making their investment decision. We recommend you consult a financial planner/advisor to take into account your particular investment objectives, financial situation and individual needs. The views and opinions (where expressed) in this article are those of the author and do not necessarily reflect the official policy or position of Sharenet.