‘Steinhoff: Inside SA’s Biggest Corporate Crash’ author reveals shocking details
This week Whitfield spoke to James Brent Styan, author of “Steinhoff: Inside SA’s Biggest Corporate Crash”.
The description on Amazon:
On 5 December 2017, the Steinhoff group was still worth R199 billion.
Twenty-four hours later more than R160 billion rand of this fortune was wiped out.
The Steinhoff Empire, which took 20 years to build into an international business giant, had crumbled overnight.
Markus Jooste, Steinhoff’s flashy CEO, resigned via SMS and has since been fleeing an avalanche of scandals and accusations: luxury homes for a blonde mistress, allegations of fraud, racing horses and unparalleled extravagance, a lavish, black Jaguar for an old university residence…
What exactly happened here?
Who knew what?
What is Steinhoff, who is Markus Jooste and what does it all have to do with the so-called Stellenbosch mafia?
Where does business tycoon Christo Wiese, Shoprite and Pepkor fit in and where is the pensioners’ money?
Well-known financial writer James-Brent Styan unpacks these and other questions in this astounding tale of power and greed, of secrets and deceit, and ultimately the largest financial breakdown in the history of South Africa.
Through interviews with trustworthy sources, revelations from confidential documents and in-depth research about Steinhoff’s history, Styan uncovers what the group doesn’t want you to know.
Follow the money…
The story of Steinhoff, Markus Jooste and the Stellenbosch Boys is a gripping financial thriller that will be told as cautionary tale or salacious scandal in both boardrooms and living rooms for decades to come.
Listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
This article first appeared on 702 : ‘Steinhoff: Inside SA’s Biggest Corporate Crash’ author reveals shocking details
"We’re all between 40 and 60 years old. We’re not backpacking. The glamour of travel is exhilarating!" says author Kate Emmerson.Read More
From Jan van Riebeeck to Thabo Mbeki, from Sepp Blatter to minibus taxi drivers… these people stuffed up beautiful South Africa.Read More
The Money Show’s Bruce Whitfield interviews Pepe Marais about his new book, "20 Habits That Break Habits".Read More
The Money Show’s Bruce Whitfield interviews Kemp about his new book about South Africa’s failing land reform.Read More
Famed economist Dr Iraj Abedian talks about his book, "FutureNEXT: Reimagining Our World and Conquering Uncertainty”.Read More
Bruce Whitfield interviews amaBhungane investigative journalist Dewald van Rensburg about his new book, "VBS: A Dream Defrauded".Read More
Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.Read More
"It's brilliant! The jokes are actually funny," says Cameron in his review of "Manage Your Money Like a Grownup".Read More
"When your thoughts are centred around the meaning of your life, you unleash immeasurable power,” says author Richard Wright.Read More
Can we transcend the slaughter? Chase Purdy on his book "Billion Dollar Burger: Inside Big Tech's Race for the Future of Food".Read More
If your dog bites someone - what does the law say? And how can you mitigate the risks of a potential lawsuit?Read More
Addict-turned-equine therapist Tash Curtis shares her remarkable story of recovery and self-discovery at the Healing Wings Centre.Read More
Cape Town-based organising consultant James Smal shares some expert tips on how to make room for new things in 2020.Read More
Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.Read More
'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.Read More
The Money Show’s Bruce Whitfield interviews Morbee about his attitude to money (hopes and fears, successes and failures, etc.).Read More
Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.Read More
Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".Read More
Bruce Whitfield interviews Darren ‘Whackhead’ Simpson about his attitude to money (hopes and fears, successes and failures, etc.).Read More
The Money Show’s Bruce Whitfield interviews athlete about his attitude to money (hopes and fears, successes and failures, etc.).Read More