In December 2017, the world was shaken by the corporate fraud scandal involving South African retail giant Steinhoff International and its former CEO Markus Jooste.
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The Public Investment Corporation (PIC) has sold more than half of its remaining stake in the troubled retailer.
A large shareholder protection organization garnered sufficient support to thwart restructuring plans for Steinhoff.
Germans to prosecute Steinhoff’s Marcus Jooste for investment fraud next year after a fraud scandal that enveloped the retail company.
It is alleged former Steinhoff Marcus Jooste channelled over R60 million in loans to his “side-chick” Berdine Odendaal. SHe has filed a lawsuit against SARB.
Markus Jooste’s Hermanus mansion and Stellenbosch’s Lanzerac wine estate were attached by the SA Reserve Bank on Tuesday afternoon. According to News24, the Western Cape…