Steinhoff’s Quarterly Sales Rise 3 Percent

South African retailer Steinhoff reported on Thursday a 3 percent rise in sales to 4.7 billion euros ($5.4 billion) for the three months ended Dec. 31.

The firm, trying to clean up its finances after uncovering an accounting fraud that nearly tipped it into bankruptcy, also said a forensic investigation into the problems at the firm by accountants PwC would be delivered to the board in mid-March.

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Steinhoff scandal points to major gaps in stopping unethical corporate behaviour