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In this fascinating interview Magda Wierzycka pulls no punches on the Steinhoff scandal, claiming that it is little more than a “corporate ponzi” scheme driven by greed and collusion.
Another day of digging into Steinhoff and by the end of it, there’s a bit more visibility on the story of South Africa’s biggest investment disaster.
The failure of Steinhoff has shocked even the most seasoned asset managers. It is the biggest corporate failure on the JSE.
After a short stay as a senior executive at Trillian, Bianca Goodson joined the SA office of Sage, a global accounting software business listed on the London Stock Exchange.
Sygnia CEO Magda Wierzycka is on a mission to expose the ugly side of South African business and in this hard-hitting discussion she explains why.
The private sector is starting to follow the lead of Sygnia’s CEO Magda Wierzycka with Sasfin yesterday becoming the second JSE-listed company to fire KPMG.
Sasfin said it’s firing KPMG as its independent sponsor and searching for a new auditor, becoming the second company to announce it has dumped the firm because of work it did for the politically connected Gupta family.
All it takes for evil to flourish is for good men and women to stand aside and do nothing. Wierzycka and now Abedian cannot be left unsupported any longer.
Highly civilised economist Iraj Abedian is calling on all South African businesses to distance themselves from Gupta-captured auditing firm KPMG.
Biznews received mixed feedback for our support of Sygnia’s feisty CEO Magda Wierzycka who fired KPMG over its association with the Gupta plundering in SA.