More on Multi-Billion Dollar Steinhoff Saga, Or Is It Steinheist?
The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history, writes Mills Soko for The Conversation.
(file photo).
InFocus
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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 ... Read more »
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South Africa:
Lack of Funding Limits Probes Into Auditors, MPs Told
News24Wire, 10 October 2018
Limited funding is proving to be a challenge for the Independent Regulatory Board of Auditors (IRBA), tasked with investigating industry failures, members of Parliament have heard. Read more »
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South Africa:
Steinhoff Subsidiary Files for Bankruptcy Protection in the Us
News24Wire, 5 October 2018
Steinhoff announced on Friday afternoon that its US subsidiary Mattress Firm was filing for Chapter 11 bankruptcy. Read more »
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South Africa:
The Age of Rich, Entitled Assholes
Daily Maverick, 10 September 2018
Last week, the former head of Steinhoff, Markus Jooste, made submissions before Parliament. Capitalism will never be the same. Read more »
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South Africa:
Lawyered Up Markus Jooste Blames Christo Wiese, Ex-Partner Seifert, and Many Others (El Niño and Trump Safe, for Now)
Daily Maverick, 6 September 2018
When business people turn on each other the punches don't leave black eyes or broken limbs. But pretty it is not. Not in Germany, where ex-Steinhoff CEO Markus Jooste insists it… Read more »
InFocus
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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 »