Jooste sacked as Steinhoff CEO

On Wednesday, 4 December 2024, the Supreme Court of Appeal (SCA) threw out Steinhoff’s appeal against a high court decision ordering the company to release the full report of a forensic investigation into the massive fraud that pitched Steinhoff into free-fall and eventual liquidation, costing investors more than R200-billion.

In a ringing judgment, the five justices excoriated Steinhoff’s attempts to claim litigation privilege and avoid the implications of the law governing mandatory disclosure in the public interest, at one point describing Steinhoff’s strategy as “untenable”.
 
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