Top 15 Most Valuable African Companies
In this article, we discuss the Top 15 Most Valuable African Companies. If you want to skip our detailed analysis of the African economy, go directly to the Top 5 Most Valuable African Companies.
In today’s multi-polar world, Africa is no longer a land of exploitation. It’s rather a hub of business activity and investments. The United States knows it, Europe knows it, and most of all China knows it. Across the whole African continent, Chinese enterprises are investing heavily in crucial transportation and network infrastructure. Gone are the days when Africa was known just for war, poverty, Ebola, and diamond mines. Africa’s youth today are well informed and are headed in the right direction. They are starting businesses, launching apps and software, initiating major business ventures and entrepreneurial projects. According to Quartz, Rwanda, Sudan and Ethiopia have an estimated growth rate of 7 percent and above. African economy stands
Will Markus Jooste finally don orange pyjamas in Germany? biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
Markus Jooste, the former Steinhoff International Holdings chief executive, is among four people charged in Germany for accounting violations, a person familiar with the investigation said.
Bloomberg said that the indictment covered accounting violations in Germany, with Jooste s German lawyer responding by calling the allegations inaccurate.
(Getty)
The first criminal charges against former Steinhoff officials are expected to be announced later this week in Germany.
German authorities have been probing balance sheet manipulation at the Stellenbosch-headquartered conglomerate since 2015.
The German probe is separate from an ongoing investigation into Steinhoff which is being undertaken by the Hawks.
German prosecutors are set to make an announcement about their multiyear probe into accounting fraud at Steinhoff this week, which will include charges against three former top officials at the global furniture and household goods company.
The criminal probe into Steinhoff has been running since 2015, when the retail conglomerate moved its primary listing from the Johannesburg Stock Exchange to the Frankfurt Stock Exchange.