Prosecutors in Germany are investigating Steinhoff CEO Markus Jooste and other senior managers for accounting fraud, according to Manager Magazine.
The South African furniture retailer is Europe’s second biggest, after IKEA.
Back in 2015, German tax authorities searched Steinhoff’s offices.
Steinhoff’s share price is down 10% on the day.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
One would have to be an angel not to be angered by this sort of drivel that has appeared in this magazine that I'm not familiar with.— Christo Wiese
The statement we issued deal with this thoroughly.— Christo Wiese
The statements are devoid of any truth.— Christo Wiese
This matter has been floating around since 2015.— Christo Wiese
The Frankfurt Stock Exchange is a very strict exchange.— Christo Wiese
It’s coupled to the ongoing arbitration proceedings with this former joint venture partner.— Christo Wiese
People in the real world know that people use these tactics to force a better outcome for themselves.— Christo Wiese
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show's Bruce Whitfield will interview Mark Suzman (Bill and Melinda Gates Foundation) about tonight's epic team-up.
The Money Show’s Bruce Whitfield grills the DBSA’s Zodwa Mbele, who provides "a convoluted explanation if there ever was one".
The state can easily turn masses of South Africans into property owners, says Propertiq cofounder Brian Azizollahoff.
SA missing in action. Trump vs Thunberg. Stakeholder capitalism. A wrap of our coverage of this year’s World Economic Forum.
The Money Show’s Bruce Whitfield conducts a shocking interview with CNN’s Richard Quest at the World Economic Forum in Davos.
Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.
Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.
Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.
Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.
SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.
Eyewitness News reporter Lizelle Persens gives an update from the protest in Parow.
The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.
Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.
PARTNER CONTENT: Samsung's new Galaxy Z Flip has South Africa, and our presenters, abuzz - and it launched in SA today!
Committee member of the Gauteng RET Zuma supporters Carl Niehaus says supporters must arrive before 10am.
Organisation Undoing Tax Abuse chief legal officer Advocate Stefanie Fick shares the latest.