Former Steinhoff chairperson and top shareholder, Christo Wiese, says he is open to negotiations over his R59 billion claim against the scandal-hit company.
International retail holding company Steinhoff former chairperson, Christo Wiese, has been implicated in a tax evasion scheme.
The scandal-hit retail giant, Steinhoff, faces an uncertain future after its former chairman, Christo Wiese, announced he would sue the company for R59 billion.
Businessman Christo Wiese stunned crisis-hit Steinhoff with a $5 billion lawsuit on Thursday, sending shares of the South African multinational retailer fighting for survival after it uncovered accounting irregularities down 17 percent. The 59 billion rand ($5 billion) claim is the latest setback for the retailer in which Wiese was chairman and biggest shareholder until […]
Finance minister Malusi Gigaba says regulatory bodies will be investigating various aspects of the Steinhoff accounting scandal, looking at possible fraud, corruption and misconduct. He says legal or criminal action will be taken against those responsible. Gigaba has met various industry stakeholders regarding the Steinhoff scandal. A week after the corporate scandal broke, the company […]