[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS
South African has been hit with various looting scandals in the past few years.
The Steinhoff scandal shook the country and was labelled as the worst corruption scandal in South African history.
But does the public understand the enormity of what damage the Steinhoff scandal has caused?
Eusebius McKaiser spoke to Financial Mail journalist Warren Thompson to understand how the money was looted, what impact it has caused and whether there is enough noise around it.
Steinhoff's losses have been R200 billion rand.Warren Thompson, Financial Mail journalist
We are looking at looting at VBS amounting to R1.8 billion rand in total.Warren Thompson, Financial Mail journalist
Investors in South Africa's pension funds and unit trust funds have sustained losses of over R200 billion so a hundred times more than VBS.Warren Thompson, Financial Mail journalist
What surprises me, there seems to be a lack of political will to try and investigate and prosecute this crime.Warren Thompson, Financial Mail journalist
Listen to how they Mark Jooste was able to loot Steinhoff...
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