Rob Rose: Pushing corporate SA into more transparency, starting with Steinhoff

Loading player...
Disgraced Steinhoff CEO Markus Jooste was never a Rob Rose fan. For years, the investigative journalist was on Jooste's case, going back to a 2011 investigation into Jooste by SA Revenue Services. He wisely questioned where others merely accepted. So when the ponzi scheme blew up, Rose went even deeper into the Steinhoff muck, delivering his best-selling Steinheist book even before the company's own forensic report was concluded by a 100-person team at PWC. Rose filled in much of the jigsaw puzzle, but was appalled that the bulk of what was uncovered by PWC was not disclosed. Steinhoff's board only releasing an 11 page summary, keeping the meat of the biggest corporate fraud in SA history under wraps. Immediately after PWC's report was concluded in March last year, the Financial Mail launched a legal challenge to get the full document into the public domain. Steinhoff responded in court last week. In the latest episode of Rational Radio, Rose provides an update on the process, explaining why the court action matters so much. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Jan 2020 9PM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min