Steinhoff was the darling of investors, asset managers, analysts and financial journalists. But its success was built on shaky foundations.
All Steinhoff directors should be held accountable for the international corporate scandal.
Gaps in the two tier board structure which is favoured in Europe may be partly responsible for the Steinhoff corporate scandal.
A suit of highly paid professional services seem to have failed investors in the unfolding Steinhoff corporate scandal.
The Steinhoff corporate scandal will do South Africa a huge service if it makes the point that corruption and mismanagement have nothing to do with race.