Markus jooste
Ex-Steinhoff CEO Jooste charged in Germany over accounting violations - report
Bloomberg said that the indictment covered accounting violations in Germany, with Jooste's German lawyer responding by calling the allegations inaccurate.
In a statement, the FSCA said the administrative penalty followed an investigation that found Jooste was privy to Steinhoff-related 'inside info' before the company’s shares tanked.
The state-run asset manager has told Parliament it will file court papers “soon” in a bid to compel Steinhoff to hand over the report. Steinhoff commissioned PwC to investigate once the extent of the scandal became known.
Parliament’s Standing Committee on Finance has been told that the PIC believes the report is critical for it to pursue directors fingered in the scandal.
Democratic Alliance leader Mmusi Maimane explains why it took months to return a donor vehicle from Steinhoff in the wake of the company's accounting scandal.
DA leader Mmusi Maimane talks about the furore surrounding his use of a vehicle donated to the party by Steinhoff's former CEO Markus Jooste.
Mmusi Maimane believes some DA leaders are at odds with him because of the ideals he has pushed for in the party.
Mmusi Maimane said some leaders in the DA were trying to plant false information about him to attack his integrity.
According to the ‘Rapport’, DA leader Mmusi Maimane drove a car that was rented and paid for by Markus Jooste ahead of the 2016 local government elections.
Party leader Mmusi Maimane has been accused of driving a rental vehicle sponsored by disgraced businessperson Markus Jooste and paid for by Steinhoff ahead of the 2016 elections.
Maimane has been accused of driving a vehicle gifted by disgraced businessman Markus Jooste.
The retailer’s CEO in March told lawmakers that Jooste, la Grange, along with six other people, were identified by an investigation as players in inflating Steinhoff profits and asset values over several years.
La Grange was suspended last August but remains on the Steinhoff payroll as a consultant.
Members of Parliament want Jooste prosecuted for his role in the country’s biggest corporate scandal to date and for him and his associates to be jailed as soon as possible.
Steinhoff was on Tuesday forced by four parliamentary committees to reveal the names of its former executives, including disgraced former CEO Markus Jooste and four other men outside Steinhoff, implicated by PwC’s forensic investigation into the scandal.
Disgraced former CEO Markus Jooste’s name is among them, along with former chief financial officer Ben la Grange and former executives Dirk Schreiber and Stehan Grobler.
Saftu has joined calls for the prosecution of former Steinhoff CEO Markus Jooste after the Government Employees Pension Fund had to write off massive investments as a result of the collapse of Steinhoff’s share price last year.
Du Preez will replace acting CEO Danie van der Merwe who will step down at the end of December.
Talk Radio 702 host Eusebius McKaiser speaks to financial journalist Warren Thompson who explains the long history of dodgy business dealings at Steinhoff.