NATIONAL NEWS - If you know Ackerman’s, Hi-Fi Corp, Incredible Connection and Tekkie Town, then you know the company Steinhoff, one of South Africa's largest companies.
Steinhoff is a global retailer with more than 40 local brands in over 30 countries.
The company's CEO Markus Jooste resigned amid allegations of acquisitions without control, tax fraud, earnings manipulation and collusion between executives.
CapeTalk host Kieno Kammies spoke to the CEO of Insignia Group, Magda Wierzycka, who painted a very bleak picture about the company’s future and why South Africans should care.
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