It’s one of the largest companies in Namibia, run by the gruff Quinton van Rooyen and listed on exchanges in Joburg, New York and Windhoek with 3,723 shareholders. Yet when it was caught out by the JSE for misleading investors, it asked to be given a hidden “private censure”.

It’s a wild tale of accounting high jinks, but you’d think that after the number-fiddling at Tongaat Hulett, Steinhoff and EOH (combined value: more than R120bn), executives would know better. Apparently not...

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