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CORRUPTION NEWS

AmaBhungane: Steinhoff’s dogged battle to keep its secrets

By Caroline JamesFirst published on Daily Maverick We all know the story of Steinhoff and Marcus Jooste. At least, we think we do.  What we do know has been uncovered by careful and thorough investigative journalism, but the majority of Jooste’s and the company’s secrets remain locked in a vault of confidentiality imposed by Steinhoff Read more >

CORRUPTION NEWS

CW: Charges should have been brought against Jooste by now

By Tawanda KaromboFirst published on IOL It is six years since the former CEO of Steinhoff International, Markus Jooste, stepped down from the firm in December 2017 after massive accounting fraud came to light, and yet he is still not behind bars. Corruption Watch said in December that South Africa should do a lot more Read more >

CORRUPTION NEWS

Reserve Bank seizes Jooste property and items worth billions

It’s been five years since the Steinhoff scandal broke. Corruption Watch (CW) was one of many who condemned the financial irregularities which resulted in the South African multinational retail holding company overstating its assets and profits by nearly $12-billion. Since that time the calls for justice and consequences have not let up, especially those targeted Read more >

CORRUPTION NEWS

Markus Jooste still a free man – but that will change, says NPA

In late 2017 the Steinhoff scandal broke, sending tremors of anger and outrage around the world, especially in the countries where the South African multinational retail holding company traded or was listed. Accounting irregularities dating back to 2015 were uncovered during an auditing probe triggered by the refusal of Deloitte, Steinhoff’s auditing firm at the Read more >

PRESS RELEASES

Steinhoff alleged corruption: business must act

Corruption Watch condemns the conduct of Steinhoff involving financial irregularities, as confirmed by former CEO, Markus Jooste, who resigned in the wake of the allegations.  The civil society organisation will continue to monitor the outcome of the investigation, and will shine a light on the impact of these corrupt business dealings. The organisation calls on Read more >