This week marks the third anniversary since the Steinhoff bubble popped and, while it might not seem that way, the net is tightening around former CEO Markus Jooste. In recent weeks, excerpts of the PwC forensic report have silently trickled into the public domain, almost unnoticed. This in itself is significant — Steinhoff has guarded the full 7,000-page report as if it were an exclusive early Covid-19 vaccine.

But more than that, what those excerpts reveal is quietly devastating: previously undisclosed elements of SA’s largest fraud, which wiped R230bn off the market value of Steinhoff, hammering thousands of pension funds in the process...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now