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Faculty of business and management sciences ND MANAGEMENT investigation on steinhoff crisis Group assignment NAME SURNAME STUDENT NUMBER Esethu Ngabasa 213124289 Buziwe Mfamana 209082682 Pinky Dyantyi 217300391 Emelda Ngolo 217296211 Thandokazi Nyobole 216203244 Table of contents Topic page Cover page———————————————————————————1 Table of content—————————————————————————2 Introduction——————————————————————————-3 Build-up of the crisis———————————————————————3 Contributing factors/causes and how it played a role in the crisis—————7 Poor board behaviour—————————————————————–7 Raising funds from loans————————————————————-8 Rectifying plans————————————————————————————–10 New committee———————————————————————————–10 Selling part of the assets———————————————————————–11 Effect of this crisis on the South African economy————————————–12 Public investment———————————————————————————12 Local retail business—————————————————————————–13 Overall economic performance—————————————————————-14 Suggestions to prevent this crisis from happening to other companies———14 Sound corporate governance——————————————————————14 Ethical Business judgement——————————————————————–17 Compliance—————————————————————————————–18 Bibliography——————————————————————————————-19 About Steinhoff Steinhoff International Holdings NV is a furniture company and multinational retailer

Faculty of business and management sciences ND MANAGEMENT investigation on steinhoff crisis Group assignment NAME…

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