Steinhoff, EOH and Tongaat Hulett have all recently been accused of financial mismanagement and misstatement of information, illustrating the challenges the corporate world has faced in the past few years in delivering a “clean” record that investors can rely on regarding compliant financial statements and good governance.

Listed corporates are required to have several checks and balances in place in terms of law and governance best practice. This makes it tough to understand exactly how financial mismanagement on such a scale can go undetected, sometimes for long periods.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now