Steinheist

Steinheist PDF

Author: Rob Rose (Journalist)

Publisher:

Published: 2018-10-31

Total Pages: 311

ISBN-13: 9780624085973

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"The Steinhoff crash wiped more than R200bn off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of millions of ordinary South Africans. When this investors' darling was exposed as a house of cards, tales of fraudulent accounting, a lavish lifestyle involving multimillion-rand racehorses and ructions in the 'Stellenbosch mafia' made headlines around the world. As regulators tally up the cost, Financial Mail editor Rob Rose reveals the real inside story behind Steinhoff. Based on dozens of interviews with key players in South Africa, the UK, Germany and the Netherlands - and documents not yet public - Steinheist reveals: How Bruno Steinhoff formed the company by doing business in the Communist bloc and apartheid South Africa; How the 'Markus myth' started in the dusty streets of Ga-Rankuwa and grew thanks to a 'bit of luck' in a 1998 takeover; How Jooste insiders shifted nasty liabilities off Steinhoff's balance sheet to secretive companies overseas in order to present a false picture of the profits; How Wiese was lucky to lose only R59bn and how Shoprite narrowly escaped getting caught in Steinhoff's web; and What happened behind closed boardroom doors in the frantic week before Jooste resigned"--Back cover.

The Stellenbosch Mafia

The Stellenbosch Mafia PDF

Author: Pieter du Toit

Publisher: Jonathan Ball Publishers

Published: 2019-07-15

Total Pages: 254

ISBN-13: 1868429199

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About 50km outside of Cape Town lies the beautiful town of Stellenbosch, nestled against vineyards and blue mountains that stretch to the sky. Here reside some of South Africa's wealthiest individuals: all male, all Afrikaans – and all stinking rich. Johann Rupert, Jannie Mouton, Markus Jooste and Christo Weise, to name a few. Julius Malema refers to them scathingly as 'The Stellenbosch Mafia', the very worst example of white monopoly capital. But who really are these mega-wealthy individuals, and what influence do they exert not only on Stellenbosch but more broadly on South African society? Author Pieter du Toit begins by exploring the roots of Stellenbosch, one of the wealthiest towns in South Africa and arguably the cradle of Afrikanerdom. This is the birthplace of apartheid leaders, intellectuals, newspaper empires and more. He then closely examines this 'club' of billionaires. Who are they and, crucially, how are they connected? What network of boardroom membership, alliances and family connections exist? Who are the 'old guard' and who are the 'inkommers', and what about the youngsters desperate to make their mark? He looks at the collapse of Steinhoff: what went wrong, and whether there are other companies at risk of a similar fate. He examines the control these men have over cultural life, including pulling the strings in South Africa rugby.

Hitmen for Hire

Hitmen for Hire PDF

Author: Mark Shaw

Publisher: Jonathan Ball Publishers

Published: 2017-07-10

Total Pages: 304

ISBN-13: 1868427129

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Hitmen for Hire takes the reader on a journey like no other, navigating a world of paid hitmen, informers, rogue policemen, criminal taxi bosses, gang leaders, and crooked politicians and businessmen. Criminologist Mark Shaw examines a society in which contract killings have become commonplace, looking at who arranges hits, where to find a hitman, and even what it is like to operate as a hitman – or woman. Since 1994, South Africa has seen a worrying increase in the commercialisation of murder – and has been rocked by several high-profile contract killings. Drawing on his research of over a thousand incidents of hired assassinations, from 2000 to 2016, Shaw reveals how these murders are used to exert a mafia-type control over the country's legal and illegal economic activity. Contracted assassinations, and the organised criminal activity behind them, contain sinister linkages with the upperworld, most visibly in relation to disputes over tenders and access to government resources. State security actors increasingly mediate relations between the under and upper worlds, with serious implications for the long-term success of the post-apartheid democratic project.

A Wilder Life

A Wilder Life PDF

Author: Joan Louwrens

Publisher: Jonathan Ball Publishers

Published: 2020-10-01

Total Pages: 257

ISBN-13: 1776190610

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Joan Louwrens has always been drawn to wild places, which are balm to her soul. When her husband died, leaving her alone with two small daughters to raise, she threw herself wholeheartedly into 'adventure medicine', seeking out the world's most remote corners – on land and at sea – to practise healing, both her own and others'. Working in wild places from the Kruger Park to the Australian Outback, the Atlantic Ocean islands, and both the Arctic and Antarctic, 'Doctor Joan' has dealt with a vast range of medical challenges, from rabies to deep-vein thrombosis, childbirth to wisdom-tooth extraction, catatonia to depression. Showing an eagerness to learn and a humility that aren't always a given in her profession, and with a wry eye and a sympathetic outlook, Joan Louwrens has written a memoir that's a poignant and often funny story of a life lived to the full.

The Grand Scam

The Grand Scam PDF

Author: Rob Rose

Publisher: Penguin Random House South Africa

Published: 2013-11-20

Total Pages: 344

ISBN-13: 1770226222

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From 2005 to 2009, the heir to one of South Africa’s blue-blood families, Barry Tannenbaum, methodically constructed the largest-ever con in South African history. The Grand Scam exposes details about the brazen greed of the scammers, a bank that facilitated the shady dealings rather than alerting the authorities, and the naivety of business people who should have known better. It goes far beyond the original news stories, containing original research and material that, for the first time, answers the central question of why. Barry Tannenbaum, the grandson of the founder of one of the country’s biggest pharmaceutical firms, Adcock Ingram, offered investors stratospheric returns of more than 200 per cent a year by investing in the components used to make AIDS drugs. It was nothing more than a lie, which suckered the country’s business elite, including the former CEO of Pick n Pay, the one-time head of the Johannesburg Stock Exchange and the ex-boss of OK Bazaars. After the bubble popped in June 2009, finance minister Pravin Gordhan announced that hundreds of investors in South Africa, Australia and Europe had ploughed more than R12.5 billion into Tannenbaum’s scheme, based on the empty promise of immense riches. Dwarfing the Brett Kebble rip-off, Fidentia and the Krion pyramid scheme, it proved to be the most embarrassing financial disaster in the country’s history, and it exposed holes in a banking and financial system billed as one of the safest in the world. For Tannenbaum’s victims, the nightmare continued after the scheme collapsed, as liquidators, tax officials and criminal investigators demanded their pound of flesh. But Tannenbaum, now at large on Australia’s Gold Coast, continues to live as if nothing happened, working for an Australian insurance company. The question that hasn’t been answered until now is, how did Tannenbaum swindle so many people with such ease? And, more crucially, why did he do it? Through extensive interviews with his family, friends and numerous ‘investors’, this book provides the startling answers to those questions. For the first time, the real motivation that fuelled South Africa’s Bernie Madoff is laid bare.

The Political Economy of Green Bonds in Emerging Markets

The Political Economy of Green Bonds in Emerging Markets PDF

Author: Manuel Neumann

Publisher: Springer Nature

Published: 2023-05-17

Total Pages: 295

ISBN-13: 3031305027

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Funding low-carbon transitions to address climate change is one of the major challenges of our time. Green bonds have emerged as a powerful tool to enlist institutional investors’ wealth for these transitions. But despite exponential growth in many parts of the world, the green bond market in South Africa has been stalling. This book project grapples with this puzzle. Firstly, it debunks some of the promises underpinning green bond markets and traces the manifold practices undergirding its promotion. Secondly, it identifies some barriers prohibiting the expansion of green bonds in emerging markets and zooms in on the depoliticizing tendencies a transition premised on financial innovation produces. Thirdly, this work discloses the idiosyncratic political economic challenges of a fossil-based economy in transition and shines a light on the competing elements of a ‘green’ and a ‘just’ transition. It argues that the limited uptake of green bonds can best be explained by the instrument’s inability to adequately incorporate the various demands levied on South Africa’s contested transition trajectory. In so doing, this book contributes important new qualitative insights into green bond markets-in-the-making and extends political economic scholarship on finance-led transition endeavors in emerging markets. Chapters 3 and 6 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Hani

Hani PDF

Author: Janet Smith

Publisher: Jonathan Ball Publishers

Published: 2023-02-28

Total Pages: 424

ISBN-13: 1776192761

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'This is an excellent portrayal of the Chris I knew. Not one word of exaggeration, so large was Chris. His contribution to our freedom is inestimable.' – Mavuso Msimang, ANC veteran and former member of the military high command of uMkhonto we Sizwe Chris Hani's assassination in 1993 gave rise to two of South Africa's greatest political questions. If he had survived, what impact would he have had on the ANC government? And could this charismatic man have risen to become president of the country? In the 30th anniversary year of his murder by right-wing fanatics, this updated version of the seminal biography of Hani re-evaluates his legacy and traces his life from his childhood in rural Transkei to the crisis in the ANC camps in the 1980s and the perilous last 36 months he spent back home rallying for South Africa's freedom. Drawing on interviews with those who knew him, this vividly written book provides a detailed account of the life of a hero of South Africa's liberation, who was both an intellectual and a fighter.

Lift As You Rise

Lift As You Rise PDF

Author: Bonang Mohale

Publisher: Jonathan Ball Publishers

Published: 2018-10-29

Total Pages: 232

ISBN-13: 0639926460

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Bonang Mohale is a highly respected South African businessman, who is known as much for his patriotism and his active role in seeking to advance his country's interests as for the leading role he has played in companies like Otis Elevators, Shell South Africa and South African Airways, among others. Developed over 30 years of business experience, his insights have motivated change in organisations and individuals alike. As CEO of Business Leadership South Africa, he frequently shares his insights through speeches and articles on the role of business in South Africa and the core tenets of leadership. Lift As You Rise is a compilation of some of his spoken and written words in which Mohale reveals the issues he is passionate about, among them transformation, people development, constructive collaboration and integrity, and how they came to define his career and his life. He looks into the ideas behind his words and offers fresh thoughts on the subjects they cover. This well-balanced compilation is enhanced by contributions from others he has mentored or met on his journey which underscore who Mohale the man is, a fearless and energetic leader whose compassion, humanity and eternal optimism promote hope and encourage action. There is value in this book for leaders in all walks of life, but it is Mohale's hope that young people specifically, those rising through the ranks, will find his insights and experience inspiring, for they are the country's future leaders.

The Krugersdorp Cult Killings

The Krugersdorp Cult Killings PDF

Author: Jana Marx

Publisher: Penguin Random House South Africa

Published: 2020-07-29

Total Pages: 342

ISBN-13: 0639600816

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Eleven murders over a period of four years sent shockwaves through the Krugersdorp community and made headlines nationwide. Eventually these murders were connected to Cecilia Steyn and her cult, Electus per Deus (chosen by God). Members of the cult were willing to do anything for Cecilia ”“ even if it meant committing murder. The murderers are intelligent, ordinary people ”“ a teacher, a financial broker, and a teenager who ”“ despite her involvement in the murders ”“ still managed to obtain six distinctions in matric and be accepted to medical school. Their victims merely kept their appointments, not knowing that their appointments were with death. Who is Cecilia Steyn? How can one person manipulate five others to commit murder and perjury on her behalf? How did Satanism contribute to all of this? How did inexperienced criminals manage to evade capture for so long? Jana Marx answers these and other questions in this true-crime account that led to one of the most sensational murder cases in the country’s history. Through interviews with those in the inner circle, evidence given in court and police files covering a period of four years, Marx attempts to answer the public’s questions and provide a view of the inner workings of such a cult.