As the knives come out for Democratic Alliance (DA) leader Mmusi Maimane, the party has come to his defence after he has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste. The rental vehicle was paid for by Steinhoff. Jooste is accused of insider trading, cooking financial books and dodging taxes, all..
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Rumors have it that DA leader, Mmusi Maimane is driving a vehicle gifted by disgraced businessman Markus Jooste
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All they know is how to spend money:- Auditor General: Irregular spend at ‘all-time high’
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Auditor General Kimi Makwetu has lamented poor financial controls in the public sector that lead to irregular expenditure, saying the scourge has reached an “all-time high”.
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Steinhoff Saga:- Markus Jooste plans to dodge Parliament’s tough questions
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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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Christo Wiese, Resigned Chairperson, sues Steinhoff
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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
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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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South Africa’s race relations laid bare in Steinhoff scandal
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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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Steinhoff implosion staggers SA
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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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