South Africa’s race relations laid bare in Steinhoff scandal

South Africans are fond of debating whether public or private sector failings are the bigger problem. It does not take too long to realise that they are really talking about race. This is evident as the country faces an unusual scandal – one involving a private company called Steinhoff. The multinational furniture company is in […]
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Christo Wiese Resigns As Chairman Of Steinhoff In Wake Of Corruption Scandal

South African businessman Christo Wiese has resigned as chairman of Steinhoff in order to reinforce independent governance of the company which is currently under scrutiny, and avoid any “possible conflict of interest” that may exist. His son Jacob has also resigned. Steinhoff announced Heather Sonn as new acting chairperson. 76-year-old Wiese recently dropped overnight from being […]
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