Former Steinhoff Chief Executive Markus Jooste will not appear before Parliament on Wednesday. According to terms of an agreement with Parliament, he will appear on September 5th.
Former Steinhoff CEO Markus Jooste and former Chief Financial Officer Ben la Grange will be subpoenaed to appear before Parliament’s Standing Committee on Finance next Wednesday.
Labour federation Fedusa says it suspects collaboration and conniving in the Steinhoff saga.
A meeting, where the representatives of Steinhoff were supposed to appear before Parliament’s Standing committee on Finance, has been moved to the end of this month.
International retail holding company Steinhoff former chairperson, Christo Wiese, has been implicated in a tax evasion scheme.
Research commissioned by Business Leadership South Africa’s (BLSA) has revealed that Viceroy’s research report on Steinhoff was substantially plagiarised.
Steinhoff has won more creditor support to give the South African retailer time to restructure debt totaling 9 billion euro ($11 billion) in a fight for survival.
Steinhoff Africa Retail, or STAR, has appointed Wendy Luhabe to its board as independent non-executive director, with effect from 1 January 2019
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.