High Time - Steinhoff Takes Aim at Former CEO Markus Jooste
It may be too little, too late, but Steinhoff has launched legal proceedings against its former CEO Markus Jooste and CFO Ben la Grange to claw back salaries and bonuses paid to them before the eruption of South Africa's biggest corporate scandal, writes Ed Stoddard for Daily Maverick.
Former Steinhoff CEO, Markus Jooste
First it was the furniture giant Steinhoff that with the help of creative accounting and auditing by firm KPMG, fooled shareholders with inflated year-end figures, then came Read more »
The Steinhoff collapse, considered to be the biggest corporate scandal the country has ever seen, has the firm now selling their stakes in various companies, to pay creditors. ... Read more »
Steinhoff between 2009 and 2016, apparently created fictitious profit-boosting schemes totalling R106 billion, which is just under three times the net profit of the company over ... Read more »
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 »
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