Disgraced former Steinhoff CEO, Markus Jooste, vanished from public view after it came to light that his company had cooked its books, bringing the share price of Steinhoff crashing down. Parliament’s standing committee on Finance wants to question Jooste and is planning to subpoena him as Jooste is not eager to answer questions. But because Parliament has enormous constitutional power to hold individuals in both the public and private sector accountable, Jooste is likely to lose this fight – unless he ran away to a place like Dubai – as some other culprits have recently done.

On the day it came to light that there were “accounting irregularities” (sounds like a nice phrase for fraudulently cooking the books) at Steinhoff, Markus Jooste offered his resignation as CEO of the company. Then he disappeared. Since then, Afrikaans media outlets have regularly carried stories essentially asking: “Where is Marcus Jooste hiding?”. (more…)


Quote of the week

Racism and racial prejudices have not disappeared overnight, and they stem, as demonstrated in our history, from a misconceived view that some are superior to others.  These prejudices do not only manifest themselves with regards to race but it can also be seen with reference to gender discrimination.  In both instances, such prejudices are evident in the workplace where power relations have the ability “to create a work environment where the right to dignity of employees is impaired”.

Theron J
Rustenburg Platinum Mine v SAEWA obo Bester and Others (CCT127/17) [2018] ZACC 13 (17 May 2018)
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