Our debt-to-GDP ratio is growing, we're running a problematic current account deficit, state-owned companies are a drag on the economy and our bloated public service wage bill needs to be trimmed. We're running out of money, and fast.
Former Steinhoff CEO Markus Jooste and former president Jacob Zuma have a lot in common: both have perpetrated the biggest frauds in South Africa, writes Ferial Haffajee.
From Steinhoff CEO Markus Jooste to several senior KPMG staff and a number of VBS Mutual Bank executives, acting CEO of the SA Institute of Chartered Accountants Fanisa Lamola talks to Fin24 about the state of the accounting industry in SA.
KAP Industrial Holdings, which is 43% owned by Steinhoff International, is scrapping two business deals with the group.
Unions can - and should - play a vital role in challenging a system that encourages profiteering and allows the rich and powerful to bribe state organs to do their bidding, says Terry Bell.
The Stellenbosch-headquartered retailer said it had won the support of South African lenders, as it attempts to survive an accounting scandal.
The bank's equities business has taken a big hit from the Stellenbosch-headquartered retail conglomerate.
Steinhoff’s CEO Danie van der Merwe has decided to step down from this position at the end of December 2018.
It was utter disappointment and dejection I felt after watching the usually firebrand Devi Sancri Govender meekly hosting a PR piece for Steinhoff Kingpin Christo Wiese.
The debt sale by Natixis SA will add to a spate of Steinhoff debt sales since the retailer flagged accounting irregularities in its books last year.
The sale is the latest in a line of disposals aimed at shoring up the retailer’s battered balance sheet.
Four as yet unnamed employees are being investigation on suspicion of falsifying company balance sheets.
"No, Markus hasn’t been here... " That’s the standard response from neighbours and residents of Hermanus, where the disgraced former Steinhoff CEO has a holiday home.
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