Steinhoff chairperson Heather Sonn has resigned. This comes after discovering that she had unwittingly completed a transaction without declaring a potential conflict of interest.
Sonn is a shareholder in the investment company Gamiro. Gamiro completed a transaction with Geros Financial Services more than two years ago which in turn may have been associated with, and indirectly funded by Steinhoff.
Sonn says she would have made disclosures had she been aware of this. Steinhhoff’s vice-chair of the supervisory board Peter Wakkie says Sonn has not in any way been found to have participated in accounting irregularities at Steinhoff.
The retailer made headlines in December 2017 when then CEO Markus Jooste resigned in an accounting scandal that saw the company’s share price collapse.
In other news – Kelly Khumalo wants justice for Senzo: I am no longer scared to speak
Singer Kelly Khumalo has once again spoken out about the killing of her former boyfriend and Bafana Bafana goalkeeper Senzo Meyiwa, claiming the justice system has let her down and the matter needs to be put to rest.
Senzo was gunned down at Kelly’s family home in Vosloorus during an alleged house robbery in 2014. There have been no arrests made in the case to date. Read more