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A groundbreaking PwC investigation, obtained through PAIA, reveals how Steinhoff orchestrated South Africa's largest corporate scandal, manipulating R125 billion through artificial revenue inflation between 2009 and 2017. The report exposes eight companies' involvement and complex financial manoeuvres that led to the company's devastating 97% market capitalisation loss.
A PwC investigation has uncovered how Steinhoff manipulated its profits through complex trademark transactions between 2001 and 2017, revealing a sophisticated scheme involving GT Global Trademarks to artificially inflate brand values and meet profit targets
A 7,000-page PwC investigation reveals how Steinhoff orchestrated one of South Africa's biggest corporate scandals through inflated deals and fraudulent accounting worth R125 billion. The report exposes questionable acquisitions, including well-known brands like Tekkie Town and Poundland, while detailing the complex web of special purpose vehicles used to perpetrate the fraud