Although not much is known so far about the secret PwC report on Steinhoff, what is known so far is that former Steinhoff chair Christo Wiese could have lost his entire business empire if the company did not implode when it did.
And CEO Markus Jooste thought he could sidestep the ramifications of the accounting fraud by urging his cronies to stand together.
Steinhoff's shareholders, which included many ordinary South Africans and pension funds, lost about R250 billion when Steinhoff's share price collapsed in December 2017.
PwC analysed and investigated allegations of potential accounting irregularities and non-compliance with laws and regulations against various Steinhoff entities and its former executives, concerns raised by Steinhoff's external auditor, Deloitte and any other issues brought to PwC's attention requiring investigation in relation to the Steinhoff Group.
Denne historien er fra December 28, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 28, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
All eyes are on massive derby
Both the Sharks' and Stormers' directors of rugby have highlighted the class of their opponents ahead of their United Rugby Championship (URC) match today (kick-off 5pm).
Proteas turn up heat
FIRST TEST: HOSTS TAKE THREE PAKISTAN WICKETS IN SECOND INNINGS
Iga ready to put scandal in past
TOUGH: SAYS NO REASON FOR WADA TO APPEAL CASE
Fritz Motivated for Slam Success
Taylor Fritz said yesterday he strategically limited his workload during the brief tennis off-season before heading to Australia to begin 2025, learning that less can sometimes be more.
Our great facilities are not looked after
When athletes from other African countries come to South Africa, they're not shy to remind us how fortunate we are to have the facilities we do in this country.
Kolisi could be a Stormer again
URC: COACH DOBSON'S FOCUS IS ON THE LOCAL DERBY
Sharks are aiming for a rare victory in the Cape
Sharks head coach John Plumtree foresees an entertaining and expansive game against the Stormers as they look to improve on their record at Cape Town Stadium.
Chiefs are desperate for some New Year cheer
Kaizer Chiefs will be desperate for some kind of New Year cheer as they host Chippa United tomorrow at the Moses Mabhida Stadium in their final Betway Premiership game of 2024.
Dark Horses Are Now The Favourites
I said when the season started that Liverpool were the dark horses for the Premier League title, and after 17 matches, they are leading the pack.
Legends predict easy Downs win
DODDLE: MASHEGO, KEKANA SAY CHAMPS ARE TOO GOOD
