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Markus Jooste

CEOs earn R24.9m at SA’s 10 biggest companies
Article
/ 12 July 2018

CEOs earn R24.9m at SA’s 10 biggest companies

The report finds that only 2.2% of the CEOs at JSE-listed companies are women

By Agency
Steinhoff shares jump 40%, reach best price in two months
Article
/ 3 July 2018

Steinhoff shares jump 40%, reach best price in two months

The retailer’s stock is still down by over 95% from where it was before news of Jooste’s resignation reached the market

By Jan Cronje
Elusive Jooste is ‘hiding’ in plain sight
Article
/ 1 June 2018

Elusive Jooste is ‘hiding’ in plain sight

The billionaire was often in the public eye, but he has seemingly gone to ground since the Steinhoff scandal

By Staff Reporter
Markus Jooste no ‘puppet master’
Article
/ 23 May 2018

Markus Jooste no ‘puppet master’

Allegations that the former Steinhoff chief executive is still a de facto director at Mayfair are ‘unwarranted and baseless’ speculation

By Carin Smith
Court to decide if Steinhoff’s ex-CEO will testify in Parly
Article
/ 22 May 2018

Court to decide if Steinhoff’s ex-CEO will testify in Parly

The court may need to rule on whether or not Markus Jooste can testify in parliament, as MP’s agree to subpoena him

By Lameez Omarjee
Mayfair Holdings in battle with minority shareholders from Lodestone
Article
/ 9 May 2018

Mayfair Holdings in battle with minority shareholders from Lodestone

Markus Jooste’s private investment company is under fire as it tries to sell the beverage and confectionery company to ‘repay defaulted debt’

By Staff Reporter
No suspension on JSE yet for volatile Steinhoff ‘penny stock’
Article
/ 5 May 2018

No suspension on JSE yet for volatile Steinhoff ‘penny stock’

The JSE has previously said that it will follow Frankfurt’s lead in suspending Steinhoff’s share

By Tehillah Nieselow
​Steinhoff’s ex-CEO could make a tidy penny after deal with banks
Article
/ 25 April 2018

​Steinhoff’s ex-CEO could make a tidy penny after deal with banks

After Markus Jooste’s investment company has sold off assets to pay his creditors, the former Steinhoff CEO could make about R500-million

By Gemma Ritchie
Steinhoff shares drop over 15%
Article
/ 24 April 2018

Steinhoff shares drop over 15%

Steinhoff announced that a forensic investigation by PwC has so far uncovered the overstatement of income and assets at its AGM

By Jan Cronje
Translating masses of Steinhoff docs from English slows German criminal probe
Article
/ 21 April 2018

Translating masses of Steinhoff docs from English slows German criminal probe

German authorities are struggling to analyse a wealth of financial documents seized from a Steinhoff subsidiary as the documents are in English.

By Jan Cronje
Steinhoff’s board behaved badly. Why it needs to be held to account
Article
/ 9 April 2018

Steinhoff’s board behaved badly. Why it needs to be held to account

All directors at the furniture retailing giant should be held accountable for the international corporate scandal.

By Jannie Rossouw
Parliament committee resolves to subpoena Markus Jooste
Article
/ 28 March 2018

Parliament committee resolves to subpoena Markus Jooste

Parliament’s joint-committees have agreed to subpoena former Steinhoff CEO Markus Jooste, after he declined an invitation to appear before them

By Lameez Omarjee
Jooste won’t appear before parly inquiry – report
Article
/ 27 March 2018

Jooste won’t appear before parly inquiry – report

Former Steinhoff CEO was invited to appear before a joint meeting on Wednesday of four committees, including those of finance and public accounts.

By Staff Reporter
Steinhoff wants to pay board members up to R2.9m for handling fallout
Article
/ 23 March 2018

Steinhoff wants to pay board members up to R2.9m for handling fallout

PwC is currently conducting a forensic investigation into the Stellenbosch-headquartered firm’s books.

By Staff Reporter
Steinhoff submitted ‘malicious’ report to Hawks
Article
/ 13 March 2018

Steinhoff submitted ‘malicious’ report to Hawks

The Hawks have told the Standing Committee on Public Accounts that the report contains ‘nothing’

By Jan Gerber
Steinhoff to sell part of stake in KAP to help settle debt
Article
/ 13 March 2018

Steinhoff to sell part of stake in KAP to help settle debt

The conglomerate has been facing liquidity issues since early December, when the group’s auditors flagged financial irregularities in its financials.

By Carin Smith
Is Capitec Another Steinhoff? Not Quite.
Article
/ 1 February 2018

Is Capitec Another Steinhoff? Not Quite.

Capitec stock fell by about 20% when Viceroy Research released a report claiming that Capitec bank “is a wolf in ​a sheep’s clothing and a loan shark”

By Shaazia Ebrahim
Holes in Steinhoff’s management led to its corporate scandal
Article
/ 29 January 2018

Holes in Steinhoff’s management led to its corporate scandal

The Steinhoff case highlights weaknesses in the governance structure the company had chosen to operate under.

By Staff Reporter
Troubled Steinhoff to restate results back to 2015
Article
/ 2 January 2018

Troubled Steinhoff to restate results back to 2015

Last month, Steinhoff revealed it was under criminal and tax investigations, with a reported six-billion-euro ($7-billion) hole in its accounts.

By Agence France Presse
South Africa’s race relations laid bare in Steinhoff scandal
Article
/ 24 December 2017

South Africa’s race relations laid bare in Steinhoff scandal

The corporate scandal will do South Africa a huge service if it makes the point that corruption and mismanagement have nothing to do with race.

By Point Author
Snubbing Steinhoff has paid off
Article
/ 15 December 2017

Snubbing Steinhoff has paid off

Futuregrowth dumped its shares in the company years ago because the warning signs were clear

By Staff Reporter
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