Christo Wiese say although he was chairman of Steinhoff, he could not have known all that was going on and has lost a lot of investment money.
At 1525 GMT the rand was steady at 0.02% at R12.4325 per dollar, having fallen as far as R12.5325 on Wednesday, its weakest since 10 January.
A truck has jack-knifed, causing multiple collisions. The highway has been closed off while officials clear the scene.
Bill Cosby (80) faces up to 10 years in prison for each of the three counts of aggravated indecent assault of Andrea Constand, who is now 45.
Christo Wiese has announced that his Titan Group is suing Steinhoff for R59 billion to recover money invested in the company in 2015 and 2016.
The new bill is intended to replace the 1993 Tobacco Control Act and bring South African legislation into line with the World Health Organisation's Framework Convention on Tobacco Control.
Earlier this year the department introduced a new online function to assist parents with tracking applications for admission to public schools.
While Cabinet is satisfied with the interventions made in addressing these abuses, it has condemned any form of sexual abuse and acts of misconduct by SANDF members.