Steinhoff moved its primary stock market listing from South Africa to Frankfurt in 2015.
In October, Steinhoff bought back 78 million shares, a deal handled by Johannesburg-based PSG Capital.
Steinhoff's chairman, retail tycoon Christo Wiese, alongside former Pepkor CEO Pieter Erasmus, will run Steinhoff until a new CEO is appointed, a statement issued at 10.45pm on Tuesday night said.
Over near two decades Mr Jooste has overseen Steinhoff's expansion from a South African furniture manufacturer to one of the world's biggest household goods retailers.
Steinhoff's stock was down by 68 percent in Frankfurt on Wednesday, while its latest bond sold in July fell by more than 40 points, after the company said late Tuesday that "new information has come to light today which relates to accounting irregularities requiring further investigation".
The group has been under investigation for suspected accounting irregularities by the state prosecutor in Oldenburg in Germany since the same year.
The chief executive's resignation will take effect immediately showing how serious it is. Attempts to contact Jooste were not immediately successful.
Omri Thomas of Abax Investments, the 15th largest investor in Steinhoff, said because there was no immediate prospect of any clarity on its results, it was hard to put a value on Steinhoff and this had prompted the severe share reaction. Steinhoff Africa slumped as much as 29% in Johannesburg, while Shoprite plunged as much as 6.3%, the biggest fall in nearly a year.
It is being reported Steinhoff did not tell investors about transactions amounting to almost $1 billion (R13,5-billion).
It said it would also investigate whether previous financial results need to be corrected.
Steinhoff International debt also plunged, with €800m of senior unsecured bonds due in 2025 falling as much as 41 cents on the euro, to 42 cents, according to data compiled by Bloomberg. The company has transformed itself in the past four years from a mostly African-focused retailer to an acquisitive powerhouse that now owns Mattress Firm in the U.S. and Poundland in the UK.
If there isn't enough money in your Apple Pay Cash account to cover a transaction your bank card kicks in to cover the rest. Reuters/Stephen LamAn attendee checks out a new iPhone X during an Apple launch event in Cupertino, California, U.S.
According to Autismspeaks.com, Santa Cares is a sensory-friendly Santa photo experience in partnership with Cherry Hill Programs. Smith says she appreciates any events that specify time for her son Caleb and children like him.
The polling for 182-member Gujarat Assembly will take place on December 9 and 14 and the votes will be counted on December 18. When PM Modi was addressing the crowd in Bharuch district of Gujarat, the chairs remained empty.
That's simple really: It's all about getting kids on board earlier so that they are "Facebook-aware" by the time they hit 13. It also includes a GIFs section for choosing images to send to friends, but content in the section is regulated by Facebook.
The Huskies beat the Scarlet Knights 30-14 in New Jersey en route to a 10-2 season with wins over Washington State, Oregon, UCLA. The Huskies finished 11th in the final College Football Playoff poll, which put them in the New Years Six bowl.
Manafort is facing felony charges involving allegations of money laundering and other financial crimes related to work in Ukraine. The bulk of the spending- $1.7 million - has been on personnel salary and benefits, according to the report.
Instead, Russia blames Grigory Rodchenkov, the former director of Moscow and Sochi testing laboratories, as a rogue employee. The ruling cemented that the nation was guilty of executing an extensive state-backed doping program.
Taylor had a total of 65 passing yards, and interception, and just 40 net yards in a little over 45 minutes of work. The 28-year-old played through the injury before he was carted to the locker room early in the fourth quarter.
European airlines generate the second-most revenue when compared by region and made $9.8 billion in net profits this year. A strong upcycle in the cargo markets will also support the expected profit improvement next year, it added.
He remained, however, a key player in the years that followed and played a pivotal role in the country's ongoing conflict. Sayyid said Saleh and other top party officials had came under Huthi gunfire as they fled Sanaa.
Ohio State won the Big Ten title, but it had two serious blemishes that diminished 11 wins - a 15-point home loss to now-No. An early Pick Six kept the Badgers in the game and provided just enough of a spark to keep hope alive.
Cineworld announce deal to buy Regal Entertainment, shares fall
They expect this year's earnings to fall -14.41% year-over-year to $0.95, followed by 11.58% growth in the next year to $1.06. The acquisition is expected to be strongly accretive to earnings in the first full year following Completion in fiscal 2019.
Leclerc and Ericsson to race for Sauber in…
"For now I'm a Ferrari fan, but if Alfa Romeo Sauber do well that would of course be very welcome", Marchionne said . Ferrari president Sergio Marchionne says the threat that the Italian team could leave Formula One is a "serious" one.
Alex Smith isn't the problem in Chiefs' latest loss
McCown completed 26 of 36 passes for 331 yards and a touchdown, to go along with 21 yards rushing and his two touchdowns. The Chiefs then jumped ahead when Tyreek Hill caught his second long touchdown of the day, this one 40 yards from Smith.
Sadam Ali Shakes Up, Outclasses Miguel Cotto in NY
Ali repeated the feat in the third round also this time from a left hand, rocking Cotto once again as Ali's confidence grew. Cotto continued to apply pressure in the seventh, but said that "something happened" to his left biceps in the round.