Watching and listening to the parliamentary enquiry into the shenanigans at Steinhoff, one cannot escape the thought that the "Stellenbosch business brigade" has lost almost all credibility when it comes to ethical behaviour and honesty in running an organisation. In my opinion (which is my right), the leaders of a number of Afrikaner companies are a laughing stock and have added immeasurably to the negative feelings black business leaders have toward "white monopoly capital". The leaders of state-owned enterprises, many themselves apparently guilty of gross corruption and fraud, must be rolling about and shaking with laughter at these arrogant know-it-all whiteys. Just as Julius Malema is probably doing. It is such a ridiculous situation, and a shame for honest brokers of all cultural groups. I am thinking like the wonderful straight-talking business woman Magda Wierzycka of Sygnia — put all of those perpetrators in jail if they are found guilty. Bring on the rule of law. Karma sho...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.