After months of continued revelations regarding the intrigue that is Steinhoff, the reclusive mastermind behind the tangled web, Markus Jooste, will finally appear before Parliament on Wednesday.
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Steinhoff Saga:- Markus Jooste plans to dodge Parliament’s tough questions
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Christo Wiese, Resigned Chairperson, sues Steinhoff
Resigned Steinhoff chairperson, Christo Wiese, has lodged a claim of R59-billion against Steinhoff International. In a statement released on Thursday afternoon Wiese’s Titan Group, announced that it had served a summons on Steinhoff for the amount which related to investments made into the retailer in 2015 and 2016. In one case, companies in the Titan..
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Today is a full day of hearings into corporate scandals in Parliament
South African corporate scandals will be the order of the day in Parliament on Tuesday, as the standing committee on finance rolls up its sleeves for a full day of hearings into the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, and the SA Revenue Service.
The committee will start by receiving briefings on Capitec Bank and VBS Mutual Bank on Tuesday morning.
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The 2018 Budget is there to fight corruption
Renewed vigour to tackle corruption head-on was palpable in National Treasury’s 2018 budget, tabled in parliament on Wednesday.
Deep-rooted and wide-spread corruption has become commonplace in the public sector under the leadership of former
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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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