Benguela Global Fund Managers has laid criminal charges against former Steinhoff CEO Markus Jooste at the Sandton police station.
The fund manager has written to interim CEO Christo Wiese, demanding that he and rest of the board step down right away.
Benguela doesn’t believe Wiese was complicit in what seems like criminal acts.
The Money Show’s Bruce Whitfield interviewed Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We feel Steinhoff management has misled shareholders…— Zwelakhe Mnguni, Benguela Global Fund Managers
We feel the board isn’t independent enough…— Zwelakhe Mnguni, Benguela Global Fund Managers
The governance issue we’ve been raising with Dr Wiese himself…— Zwelakhe Mnguni, Benguela Global Fund Managers
It [criminal investigations] should happen on both sides [Germany and South Africa].— Zwelakhe Mnguni, Benguela Global Fund Managers
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