Tag: PWC report
PwC has found there has been no conclusive evidence found against the company with regards to illegality and impropriety with its current or former Management; however the investigation did find some evidence of possible breaches of legislative and regulatory requirements, inadequate governance and poor document management. Robin Lockhart-Ross, Independent non-Executive Director at Fortress joins CNBC Africa for more.
CNBC Africa has learnt that the yet to be released PWC report on the troubled Steinhoff Group outlines clear fraud that should send a number of people to jail. The report is weeks overdue, but CNBC Africa’s Kopano Gumbi got the inside track from a former Steinhoff board member who has seen it.
The financial services sector continued to dominate the African IPO market during 2016, followed by consumer goods and industrials.