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South Africa: Steinhoff Scandal Points to Major Gaps in Stopping Unethical Corporate Behaviour
The Conversation Africa, 17 December 2017
A corporate scandal unfolding around one of the largest businesses coming out of South Africa, Steinhoff, has become a major cause for concern. It threatens to wipe out hundreds of… Read more »
Will New Broom Sweep Clean At South Africa's Troubled Steinhoff?
Steinhoff, a public company with a huge stake in the furniture retail sector in Africa and Europe, saw its share price tumble following the news of accounting and management irregularities.The company's CEO Marko Jooste resigned immediately once the news broke and was replaced by chairman Christo Wiese who subsequently stepped down due to conflict of interest. The company has now appointed Danie Van Der Merwe as Acting Chief Executive Officer.
InFocus
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Steinhoff Africa Retail (STAR), a retailer servicing sub-Saharan Africa operating across several sectors, and listed on the Johannesburg Securities Exchange, is this week facing ... Read more »
