Jooste sacked as Steinhoff CEO

[Sideshow Bob]

Regulator questions Markus Jooste as it probes who's to blame for publishing false Steinhoff financials | Business

The FSCA is investigating a 'number of persons' involved in the management of Steinhoff prior to December 2017 to find out if anyone knowingly allowed false or misleading financial statements to be published.

www.news24.com

 

[Grant]

This book makes for interesting reading

 

[6spdmanual]

This book makes for interesting reading
View attachment 1078463


View attachment 1078467

Looks like a fun read indeed. Will check it out.

 

[Sideshow Bob]

Hand-written invoice for R376 million ? - of course it was genuine my lord, why do you find it difficult to believe

JSE fines ex-Steinhoff CFO Ben la Grange R2m for processing bogus invoice | Business

The JSE has disqualified Steinhoff's former chief financial officer Ben la Grange from acting as a company director for 10 years and fined him a total of R2 million.

www.news24.com

La Grange, who served as CFO under the group's former head Markus Jooste, was found to have processed a handwritten invoice for €23.5 million (about R376 million at the time) handed to him by Markus Jooste in 2016, that the JSE found was fictitious.
The JSE found that La Grange, who said he was not aware at the time that the invoice was false, should have tried harder to check if it was genuine.

 

[ForceFate]

Hand-written invoice for R376 million ? - of course it was genuine my lord, why do you find it difficult to believe

JSE fines ex-Steinhoff CFO Ben la Grange R2m for processing bogus invoice | Business

The JSE has disqualified Steinhoff's former chief financial officer Ben la Grange from acting as a company director for 10 years and fined him a total of R2 million.

www.news24.com

What? Cdes Jooste and la Grange were living the high life with other people's money?

 

[Sideshow Bob]

What? Cdes Jooste and la Grange were living the high life with other people's money?

TIA

 

[Craig_]

Disgusting swine.

 

[TheChamp]

SA Reserve Bank attaches Markus Jooste's Hermanus house, Lanzerac | Business

The SA Reserve Bank has attached Markus Jooste’s mansion in Hermanus and the historic Lanzerac wine estate outside Stellenbosch on Tuesday afternoon.

www.news24.com

 

[rvZA]

SA Reserve Bank attaches Markus Jooste's Hermanus house, Lanzerac | Business

The SA Reserve Bank has attached Markus Jooste’s mansion in Hermanus and the historic Lanzerac wine estate outside Stellenbosch on Tuesday afternoon.

www.news24.com

Wonder if the SARB staff will be able to walk out there upright after hitting the cellars.....

 

[6spdmanual]

Hand-written invoice for R376 million ? - of course it was genuine my lord, why do you find it difficult to believe

JSE fines ex-Steinhoff CFO Ben la Grange R2m for processing bogus invoice | Business

The JSE has disqualified Steinhoff's former chief financial officer Ben la Grange from acting as a company director for 10 years and fined him a total of R2 million.

www.news24.com

I still can’t get over this story.

 

[zerocool2009]

Watch the showmax docu! Its scary stuff!

 

[dualmeister]

The reserve bank has seized Lanzerac Wine Estate

The South African Reserve Bank (SARB) attached Lanzerac Wine Estate today, 18 October 2022. The mansion in Stellenbosch is owned by Markus Jooste – former CEO of Steinhoff International.

www.capetownetc.com

 

[Priapus]

Watch the showmax docu! Its scary stuff!

IS there anywhere else to watch it?

 

[Sideshow Bob]

SA Reserve Bank attaches Markus Jooste's Hermanus house, Lanzerac | Business

The SA Reserve Bank has attached Markus Jooste’s mansion in Hermanus and the historic Lanzerac wine estate outside Stellenbosch on Tuesday afternoon.

www.news24.com

I knew it. Legal system is now stacked against WMC now. All he did was some innocent accounting glitch.

 

[wingnut771]

Since when does the Reserve Bank conduct raids and attach property?

 

[Speedster]

Since when does the Reserve Bank conduct raids and attach property?

Since 1961.

View attachment Exchange Control Regulations, 1961.pdf

 

[wingnut771]

Since 1961.

View attachment 1403643

Are there any other examples?

 

[Speedster]

Are there any other examples?

Exchange control contravention and the forfeiture of assets | Bowmans

www.bowmanslaw.com

 

[Agent67]

SA Reserve Bank attaches Markus Jooste's Hermanus house, Lanzerac | Business

The SA Reserve Bank has attached Markus Jooste’s mansion in Hermanus and the historic Lanzerac wine estate outside Stellenbosch on Tuesday afternoon.

www.news24.com

So I didn't know much about him and the Steinhoff thing before watching Steinheist. It was shocking to see tbh.

I'm glad the gov is now going after him.

By the way I want to clarify what they mean by "attach/attaching". Does that mean they're taking all his **** or...?

 

[Agent67]

IS there anywhere else to watch it?

No. Just Showmax.

I'd still recommend Steinheist tho (made by the same people who made Devilsdorp).