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The Steinhoff scandal has SA crying out for Markus Jooste to be arrested. Tim Modise asks NPA spokesperson Sipho Ngwema when we can expect to see results.
Thys du Toit joins BizNews editor-in-chief Alec Hogg and David Shapiro to discuss the Steinhoff settlement proposal released this week.
President Cyril Ramaphosa has promised to take a hands-on approach to Covid-19 corruption – and it appears that he is starting in his own office.
In a statement released on 27 July 2020, Steinhoff bids to set aside R16,5 billion to help resolve the 90 claims against it.
In 2014, Christo Wiese exchanged Pepkor for stock in Steinhoff, becoming its biggest shareholder. In 2017, Steinhoff’s share price collapsed.
Justice Minister Ronald Lamola told parliament that the Zondo Commission of Inquiry into State Capture has cost taxpayers R700 million so far.
Steinhoff rose the most in almost three months after the retailer confirmed it’s working on ways to settle 10 billion euros ($11 billion) of legal claims.
PANDA, a thinktank of actuaries, economists and other number crunchers devoted to understanding Covid-19, has ripped Western Cape data analysis to shreds.
The economy contracted an annualized 2% in the first quarter, the first time since 2009 that a South African recession has lasted longer than two quarters.
Steinhoff International Holdings NV’s annual advisory fees climbed 35% last year, pushed by costs related to a deal with creditors to skip debt repayments.