The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
Mostly sunny. Mild.
Steinhoff is set to publish its 2019 half-year results on Friday, which will give investors some insight into how the scandal-plagued retailer's turnaround strategy is playing out.
In mid-June, the Stellenbosch-headquartered retail and furniture conglomerate lodged court documents in the Western Cape High Court against former senior executives Markus Jooste and Ben La Grange.
Perhaps the most audacious swindle that Markus Jooste pulled off was convincing his directors that he was part of a massive "buying group" that swung rebates for the company, writes Rob Rose.
Former Steinhoff CEO Markus Jooste is on Wednesday expected to make his first public appearance since auditors flagged irregularities in the retailer’s accounts.
Members of Parliament have found the evidence presented by former Steinhoff CFO Ben la Grange to be "insightful", providing more clarity on what went wrong at the retailer.
Steinhoff share price rose from R2.22 to R3.00 during the course of a hearing on Wednesday, before closing at R2.75, as investors liked what they heard.
La Grange will appear before a joint sitting of four Parliamentary committees to talk about “institutional flaws and challenges” facing the country’s financial regulatory framework.
Jooste, who abruptly resigned from Steinhoff in December 2017 after auditors flagged accounting irregularities in its books, has not spoken publicly about what transpired there..
While La Grange stepped down from his roles at the firm earlier this year, he remained on short-term consultancy deals.
Steinhoff's two-tier board structure may have led to its undoing, writes Owen Skae, associate professor and director at Rhodes Business School.
Steinhoff has announced that Theodore de Klerk will take over as its new CFO on September 1.
Steinhoff has filed papers in the Cape Town High Court in an attempt to claw back hundreds of millions of rands from its former CEO Markus Jooste and its ex-CFO Ben la Grange, according to the Financial Mail.
Markus Jooste's testimony in Parliament on Wednesday contradicted former Steinhoff CFO Ben la Grange’s testimony, as well as former chairperson Christo Wiese's version of events.
The Hawks can’t interrogate former Steinhoff CEO Markus Jooste because a statement from Steinhoff's audit committee chair is still outstanding, Parliament has heard.
Former Steinhoff CFO Ben la Grange presented evidence before a joint sitting of four Parliamentary committees on Wednesday. Here are the key things you need to know.
Steinhoff's Ben La Grange has blamed departed leader Markus Jooste and auditors for the retailer’s accounting scandal, saying he became aware of any wrongdoing only days before the crisis erupted.
It will be the first time that Jooste has publicly spoken out about what happened at Steinhoff since he abruptly resigned in December 2017.
Jooste has not spoken publicly about what transpired at Steinhoff since he abruptly stepped down from his role as CEO in early December 2017.
Steinhoff International former chief financial officer Ben la Grange could be legally ordered to appear before a parliamentary committee after declining to attend a scheduled hearing next week.
Former Steinhoff CFO Ben la Grange has now resigned as non-executive director of Steinhoff Africa Retail.
Cape WinelandsO'Dwyer Personnel
Western CapeOdwyer PersonnelR14 000.00 Per Month
R 2 500 000
R 2 150 000
R 2 260 000
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