A former colleague of ex-Steinhoff CEO Markus Jooste has claimed it was only when his boss resigned that he felt able to fully cooperate with authorities investigating accounting fraud at the embattled retailer.
Dirk Schreiber, a former managing director of Steinhoff Europe Group Services, has been charged with five counts of falsifying balance sheets in Germany. The public prosecutor's office is also accusing Schreiber of two cases of credit fraud. Testifying before the Oldenburg Regional Court in Germany on Wednesday, the 51-year-old was asked to explain the"change in behaviour" regarding his engagement with investigators. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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Sponsored Content: Building business education with purpose.At the beginning of May, Henley Business School recorded another very strong showing in the critically acclaimed Financial Times of London’s global rankings of executive education. The business school, with its campuses in the UK, Denmark, Finland, Malta, Malaysia and South Africa, ranked 20th out of the top 75 business schools globally and number one in Africa. The rankings show that we are the 1 ranked accredited business school in all of Africa for combined open and customised programmes.
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SA narrowly avoids a recession | BusinessDespite record levels of load shedding and aggressive rate hikes, South Africa's first-quarter GDP grew by 0.4%. | News24_Business
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A R76bn oil pipeline creates a climate dilemma for Africa | BusinessThe East Africa Crude Oil Pipeline is expected to create thousands of jobs and boost Uganda's economy but at a cost to the environment and communities. | News24_Business
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Crisis-hit UK business lobby faces survival voteBritain's scandal-hit business lobby group, the CBI, faces a vote crucial to its survival Tuesday, with members urged to back reform under new leadership after allegations of sexual harassment by staff.
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Aviation head takes aim at SA for upping airport charges despite 'inefficient' operations | BusinessHigh airport charges in South Africa are compensating for their poor operational efficiency, according to the International Air Transport Association. | News24_Business
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