What we learned from the Steinhoff failure (SA's largest corporate scandal ever)

Former Steinhoff CEO Markus Jooste. Picture: Gallo Images/Financial Mail/Jeremy Glyn

On 6 December 2017, Steinhoff's CEO, Markus Jooste, resigned after his auditors refused to sign off on the audited financials as a result of reported accounting irregularities in its accounts.

Steinhoff’s share-price plummeted, and the rest is history (although the story is still being written).

The Money Show’s Bruce Whitfield interviewed Perpetua cofounder Delphine Govender.

Govender discussed five “learnings” from the failure of Steinhoff.

Listen to the interview in the audio below.

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This article first appeared on 702 : What we learned from the Steinhoff failure (SA's largest corporate scandal ever)


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