Wendy Addison on bringing down Leisurenet, two-faced Richard Branson, life after whistleblowing

Loading player...
It's just over two decades since accountant Wendy Addison tipped off SA's Exchange Control authorities that something smelly was happening at Leisurenet, owner of 87 gyms and a darling of the JSE. As a result of her whistleblowing, Addison, a CA (SA), was forced to flee to the UK, accompanied by hard evidence of the massive fraud. But her dream job with high-profile entrepreneur Richard Branson ended when the Virgin chief opted to do a deal with the fraudsters and marched his recently appointed group treasurer out of the building - and literally into the begging lane. SA's first high-profile commercial whistleblower reflects on life-changing years when her testimony and subsequent pressure eventually put the company's joint MDs Rod Mitchell and Peter Gardiner behind bars, explaining how she applied those experiences to shape a different life. She spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Apr 2023 8AM English South Africa Investing · Business News

Other recent episodes

Joburg audit setback exposes R9.5bn bad debt burden

Johannesburg’s financial crisis is deepening, with the Auditor-General revealing R9.5 billion in losses driven largely by electricity theft, water leaks and weak governance. An infrastructure backlog now estimated at R200 billion threatens service delivery in South Africa’s economic powerhouse. Analysts warn that years of poor oversight, mounting debt and a…
5 Jun 5AM 7 min

Ebola outbreak in DRC grabs global attention - perfect storm of war, fear, and disease

John McDermott explores the unfolding Ebola outbreak in eastern Democratic Republic of Congo, unpacking how transmission occurs, why the crisis is spreading, and what makes this strain particularly dangerous. He examines strained health systems, limited aid funding, and the challenge of vaccine development. The discussion situates the outbreak within broader…
4 Jun 7AM 26 min