Markus Jooste's death and apartheid's white old boy networks
There was a time when Markus Jooste would have gotten away with things because of his place in society, a privileged white man.
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There was a time when Markus Jooste would have gotten away with things because of his place in society, a privileged white man.
This strategic change, involving the transfer of assets and the delisting, aims to save the company from a long and disorganised liquidation process.
It will be as if Steinhoff – once valued at over R200 billion – never existed in these markets.
The remarkable success story of Africa's answer to Ikea turned out to be built on foundation of fake profits, which auditors only uncovered years later.
Disgruntled shareholders are demanding justice, but were disappointed once again when former Steinhoff CEO Markus Jooste did not turn up in a German court to face