Steinhoff bought the Willenhall-based chain of discount stores for £610 million previous year.
The company also dropped a January 31, 2018 deadline for publishing its audited 2017 consolidated financial statements, saying it would only do so "when it is in a position to do so".
The Steinhoff supervisory board appointed its chairperson Dr Christo Wiese executive chairperson, or delegated supervisory chairperson, on an interim basis.
It would publish the audited 2017 consolidated financial statements when it was in a position to do so and would further determine whether any prior years' financial statements would need to be restated.
Prime Minister Narendra Modi to address rallies in Gujarat today
He will address three rallies in the state. "The newly elected mayors will meet the prime minister over tea tomorrow in Delhi". Then in the February assembly polls, the BJP won 312 seats in a House of 403, which works out to 77 percent.
Jooste, who had been with Steinhoff since 1988 and was CEO of Steinhoff International since 2000, was credited with growing the South African furniture manufacturer and retailer into Europe's second-largest player, behind Ikea, via a string of acquisitions including France's Conforama chain. It has also advised its shareholders and other investors to "exercise caution when dealing in the securities of the group", but a panicked sell-off has already caused the business's market cap to more than halve.
Shares in Steinhoff International fell by about 60 per cent after the news was announced.
As well as furniture and homeware, it also sells products including clothing, footwear and consumer goods.
Late on Tuesday, Steinhoff announced that it had approached professional services multinational PwC to carry out an independent investigation of the irregularities.
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The family was taking the twins for last rites at the time . "We tore the packet, there were 2-3 clothes and polythene bags". The family was later informed by the hospital that the twins were stillborn and handed over to the family, they said.
Steinhoff previously rebuffed claims made in a report by German magazine, Manager-Magazin, of its former CEO, Markus Joost being amongst employees investigated by German prosecutors in a 2015 accounting fraud case.
Kepler Cheuvreux said the pending tax and accounting investigations "could show severe irregularities".
It is unclear what accounting irregularities the company was referring to in its statement on Tuesday.
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Democrats and some Republicans are also demanding a plan to protect immigrants who arrived illegally in the U.S.as children. White House spokesman Raj Shah and a spokesman for McConnell confirmed Thursday's meeting.