Steinhoff
latest news & developments
Hunt on for PIC’s lost billions
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
IDC deal must be scrutinised
Ramaphosa must now turn to the Industrial Development Corporation (IDC), which faces allegations of corporate governance failures similar to the PIC case. The latest concerns are…
Steinhoff’s Markus Jooste dead, allegedly by suicide
The disgraced former chief executive allegedly shot himself on a Hermanus beach in the Western Cape just a day after he was slapped with a R475 million fine
Steinhoff’s Markus Jooste slapped with R475 million fine
But European executive Dirk Schreiber has entered into a leniency agreement, avoiding a financial penalty This content is restricted to registered users and subscribers. Get Your…
High court says Jooste’s friend has no claim against Reserve Bank
The central bank told the court that Berdine Odendaal had a repudiated an agreement to be given access to frozen funds by demanding more
Stiffer fines for auditors ‘will not bring back credibility’
The profession has taken a reputational knock in recent years, amid serious accounting scandals
It’s crisis time for out-of-touch JSE
Delistings and barriers to newcomers threaten to make the local bourse more top-heavy, seeing it serve an even narrower section of the economy
Where will Markus Jooste appear in court?
For now, South Africa is reluctant to relinquish him to stand trial in Germany for the corporate fraud that nearly imploded ‘Africa’s Ikea’
JSE hands Jooste 20-year ban while Steinhoff criminal investigation continues
Markus Jooste is still challenging JSE fines totalling R15 million for his role in the balance sheet scandal
German court to put Markus Jooste on trial
The former Steinhoff chief executive is among four accused indicted by the regional court in Oldenburg
Markus Jooste asset seizure: ‘NPA asleep on the job’
Analysts believe it will be easier to build a case against the former Steinhoff CEO on ‘lesser crimes’ instead of complex international investment fraud
Government forges on with dirty money clean up to avoid greylisting
Ismail Momoniat is hoping to take ‘a massive step forward’ in fortifying the country’s money laundering controls by passing two bills before next February
Former Steinhoff CFO fined, banned from directing a listed company for the next decade
The JSE found Ben la Grange failed to fulfil his duties ‘with the necessary due care and skill’
‘Steinhoff cannot cherry pick the PwC report for the public’
The retail firm has not established why the contents of the 3 000-page report is privileged, counsel argued. And even if it had, the report’s release is ‘in the public’s interest’
‘It is right that auditing is under scrutiny’ — Deloitte Africa CEO-elect
Incoming chief executive Ruwayda Redfearn says Deloitte has learned a lot about the importance of ‘professional scepticism’ from its corporate mishaps