As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
Choosing her words carefully in the public forum of the Portfolio Committee on Justice and Correctional Services, NPA boss Shamila Batohi says the prosecuting authority and the Hawks are working closely together on the Steinhoff case and that there is progress.
Steinhoff Investments had hoped to publish its annual results by the end of September.
Senior DA MP Mike Waters has requested documentary proof that party leader Mmusi Maimane is renting his Claremont home out of his own pocket, the Sunday Times reports.
Retailer Pepkor has lost an application for leave to appeal a court order that bars its parent company Steinhoff from disposing shares it holds either directly or indirectly in shoe retailer Tekkie Town.
Reports emerged on Thursday that the Hawks and the National Prosecuting Authority are considering taking legal action against Steinhoff for defeating the ends of justice. However, Hawks spokesperson Hangwani Mulaudzi told Fin24 that the Hawks were not suing the company.
Members of Parliament slammed Steinhoff leadership for 'buying time' and 'malicious compliance' regarding investigations into governance failures that caused the global retailer's share price to plunge.
Steinhoff leadership says at its AGM that a 3 000-page forensic probe into an accounting scandal would remain confidential.
Poundland and Pepco sells discounted products across Europe, and their sales climbed by 13% over the past nine months.
Steinhoff's former Chief Executive Officer Markus Jooste sees the retailer’s claim for more than R850m ($56m) against him as "vague and embarrassing", Bloomberg reports.
The PIC inquiry has heard testimony from its final witness on Wednesday - the last of 77 witnesses who provided testimony over the past eight months.
The state asset manager was updating MPs about plans to recoup investments and loans.
DA leader Mmusi Maimane says the latest report on his party's link with disgraced former Steinhoff boss Markus Jooste is a "smear campaign".
DA leader Mmusi Maimane drove around in a car that was a gift from Markus Jooste, Rapport reported on Sunday.
Given Steinhoff’s current financial position, it will waive the bulk of the fine to only levy a penalty of R53m.
Memebers of Parliament gave Steinhoff executives a grilling, especially when they found out that the Hawks still did not receive the final PwC report into the circumstances of the Steinhoff scandal, despite a commitment from Steinhoff that they would provide it.
Steinhoff International Holdings nominated a new auditor as the retailer looks for a fresh start after an accounting scandal almost destroyed the company.
Steinhoff’s new board is seeking more power as shareholders vote at its annual general meeting in Amsterdam Friday.
The transfer path of Tekkie Town and its shares in late 2016 to Steinhoff subsidiary Pepkor was clearly plotted even before the first transfer took place, says a Cape High Court judge.
The PIC commission heard from its last witness, co-founder of Lancaster Group Jayendra Naidoo on Wednesday. Lancaster received a loan from the PIC to make an investment into Steinhoff.
Steinhoff Chief Executive Officer Louis du Preez told investors there are two things he’s pressed about the most after the retailer’s near collapse
Cape TownTSU Protection Services (Pty) LtdR1 000.00 - R40 000.00 Per Month
GoodwoodMPC RecruitmentR6 500.00 Per Month Per Month
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R 11 800 000
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