In the opinion pages, did former Steinhoff CEO Markus Jooste funnel money from the company to find his alleged lover’s champagne lifestyle and Tom Eaton has a funny take on the medium-term budget?
Did Steinhoff pay for polo ponies and supercars?
Financial Mail editor Rob Rose casts his gaze on embattled former Steinhoff CEO Markus Jooste’s alleged lover Berdine Odendaal after it emerged this week that Odendaal’s accounts and properties have been attached by the Reserve Bank. Rose writes about Odendaal’s legal battle with the Reserve Bank, detailing when she first came onto the bank’s radar, what the current status is and most importantly how her lavish lifestyle may have been funded by Steinhoff. (Financial Mail, for subscribers)
Three decades of handing out funds like confetti are hopefully over
In his usual humoristic style, Tom Eaton takes a jab at the medium-term budget tabled by Enoch Godongwana in parliament yesterday. Eaton poked fun at Godongwana’s latest proposal that state-owned enterprises will no longer be given large government bailouts if they do not meet the preconditions determined by the treasury. (Times LIVE, for subscribers)
Here’s what else we’re reading:
- With R12bn on the table, excise taxes should be reviewed – News24
- NATASHA MARRIAN: If Cyril goes? It is a big IF – Financial Mail (for subscribers)
- PETER BRUCE: Agencies, advisers and boards, boards, boards – Business Day (for subscribers)
- HILARY JOFFE: Great numbers, but can Godongwana rely on government to back him up? – Business Day (for subscribers)
- South Africa’s superyacht stance dubious – The Citizen (for subscribers)
