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Markus Jooste, Steinhoff skelm: Why he still roams free three years after stepping away from wreckage - #2020 in review

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2020 in review. In 2017, an accounting scandal erupted at South African multinational Steinhoff. As the German authorities uncovered a number of financial irregularities, Steinhoff CEO Markus Jooste jumped ship. Steinhoff’s demise meant that a number of wealthy investors, including billionaire Christo Wiese, felt the devastating effects of its share price drop. Many individuals had Steinhoff in their portfolios as did funds. Understandably, South Africans are crying out for Jooste to be brought to justice. In his weekly webinar, BizNews colleague Tim Modise asked National Prosecuting Authority (NPA) spokesperson Sipho Ngwema when we can expect to see results. Full story at BizNews.com. - Editor Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Dec 2020 12PM English South Africa Investing · Business News

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