investigation into the alleged accounting irregularities. The report found that over a number of years former Steinhoff executives concluded various transactions while substantially inflating the firm’s profit and asset values. Steinhoff has yet to release the full 10 000-page report.In the first months after Steinhoff’s collapse, Mostert was sure any wrongdoing would be corrected. “You know, I’m a Christian. I take a lot from my faith.
The former Tekkie Town owners, who at the time occupied top positions at Steinhoff Africa Retail , knuckled down to deliver good results, Mostert says. “At the time I didn’t even contemplate that we would be putting those results on the board so that somebody else could walk off with the spoils.”Mostert was next
The walkout fuelled Van Huyssteen and company to start again. They founded competing footwear company Mr Tekkie just a few months later. Mostert insists the fight against Steinhoff is about more than just money. “It’s about having our day in court … On another level, a lot of South Africans paid a very dear price for our constitution,” he says.
Until its debt is resolved, Steinhoff is going nowhere, Vianello added. “Therefore there’s an urgency to settle the debt, otherwise the thing will blow up. That’s the problem.”Meanwhile, Mostert says the former Tekkie Town cohort’s pursuit of justice has never wavered. “I often ask myself, ‘How will my children look at my behaviour one day and what will they say?’ And hopefully they will say: ‘My dad stood up against something that was wrong.
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