The billionaire was often in the public eye, but he has seemingly gone to ground since the Steinhoff scandal
Allegations that the former Steinhoff chief executive is still a de facto director at Mayfair are ‘unwarranted and baseless’ speculation
The court may need to rule on whether or not Markus Jooste can testify in parliament, as MP’s agree to subpoena him
Markus Jooste’s private investment company is under fire as it tries to sell the beverage and confectionery company to ‘repay defaulted debt’
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The JSE has previously said that it will follow Frankfurt’s lead in suspending Steinhoff’s share
After Markus Jooste’s investment company has sold off assets to pay his creditors, the former Steinhoff CEO could make about R500-million
Steinhoff announced that a forensic investigation by PwC has so far uncovered the overstatement of income and assets at its AGM
German authorities are struggling to analyse a wealth of financial documents seized from a Steinhoff subsidiary as the documents are in English.
All directors at the furniture retailing giant should be held accountable for the international corporate scandal.
Parliament’s joint-committees have agreed to subpoena former Steinhoff CEO Markus Jooste, after he declined an invitation to appear before them
Former Steinhoff CEO was invited to appear before a joint meeting on Wednesday of four committees, including those of finance and public accounts.
PwC is currently conducting a forensic investigation into the Stellenbosch-headquartered firm’s books.
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The Hawks have told the Standing Committee on Public Accounts that the report contains ‘nothing’
The conglomerate has been facing liquidity issues since early December, when the group’s auditors flagged financial irregularities in its financials.
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”
The Steinhoff case highlights weaknesses in the governance structure the company had chosen to operate under.
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Last month, Steinhoff revealed it was under criminal and tax investigations, with a reported six-billion-euro ($7-billion) hole in its accounts.
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.
Futuregrowth dumped its shares in the company years ago because the warning signs were clear