South Africa's Ex-Steinhoff Boss Appears at Parliament at Last!
Former Steinhoff CEO Markus Jooste was summoned to report to parliament after he declined a previous invitation, saying he was no longer an employee at the company. Jooste is at the center of the accounting fraud that saw the furniture conglomerate's share price reach an all-time low last year and has still not made a recovery. It also exposed the complicity of auditing firm KPMG, after Steinhoff was given a "clean bill of health" audit.
Former Steinhoff CEO, Markus Jooste
Leaders of furniture giant Steinhoff, the South African company that saw a spectacular collapse after fraudulent accounting moves were revealed, was supposed to appear before a ... Read more »
Retail holding company Steinhoff has assured parliament that it will cooperate fully with regulators regarding progress into investigations of accounting irregularities which ... Read more »
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 ... Read more »