Business In The News South Africa

Steinhoff’s Wiese resigns as chairman as accounting scandal roils company

JOHANNESBURG, December 15 – Troubled retail group Steinhoff said on Friday its chairman and major shareholder Christo Wiese had stepped down amid an accounting scandal that has also seen its chief executive quit and its shares plunge. “Dr Christo Wiese, Chairman of the Supervisory Board and delegated Supervisory Chairman, today offered to resign from the Supervisory […]

Business In The News South Africa

Public Servants Association pushes against raid of government employees pensions

JOHANNESBURG, December 6 – The Public Servants Association (PSA) on Wednesday, said that it would continue with it’s court action to secure control over public servants’ pension investments following the alleged failure by Finance Minister Malusi Gigaba to respond to the union’s demands. The PSA said that Gigaba had failed to respond to its letters in […]