QResear.ch

#20777565 at 2024-04-25 17:58:25 (UTC+1)
Q Research South Africa #12: Joburg Blast and Highjacked Buildings Edition

>>20677230

>>20677208
>Then two years later in 2009, the book recounts a meeting that Wiese had with another analyst at another firm who had a 40 slide presentation detailing his concerns about shoddy transactions, suspiciously low tax rates, all kinds of things that didn't add up. So in a sense I feel like Wiese was warned that there was something amiss with this company but yet six years after he met with his analyst, he sold his company to Steinhoff anyway. That'll mean to say, he had it coming to him but it's sort of interesting what we choose to pay attention to and what we choose to ignore."

>>20607408
>Author of 'Steinhoff: Inside SA's Biggest Corporate Crash' James-Brent Styan says there might be a lot of nervous people after Markus Jooste's alleged suicide. "There is no way a scheme that collapsed Steinhoff could have been orchestrated by one person."

"[FROM THE ARCHIVES] Christo Wiese on Steinhoff | Carte Blanche | M-Net" (2018)

https://youtu.be/A9ALrot2W_I
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For years, analysts, banks and rating agencies promoted global retailer Steinhoff as a sound investment. With 40 brands under its belt, and operating in over 30 territories, the retail giant was one of the top performers on world markets. That is until the house of cards came tumbling down. Billionaire businessman and former chairman of the company, Christo Wiese, is suing Steinhoff for R59 billion. But was he really unaware of the accounting fraud and financial irregularities happening right under his nose? We put Wiese in the hot seat.

#20677230 at 2024-04-04 15:12:10 (UTC+1)
Q Research South Africa #12: Joburg Blast and Highjacked Buildings Edition

>>20677208
>>20606500
>>20606502
>>20607408
>>20607444

>>20607453
>Gordhan's tenure as finance minister witnessed the approval of capital flight amounting to almost $200 billion (R3.7 trillion), including the notorious Steinhoff scandal.

"BNC#6: [Christo] Wiese Q&A - Markus Jooste, last days of Steinhoff, Rainbow Nation and more"

https://youtu.be/vVML8hsGVH8
Mar 22, 2024

During his interview and Q&A session at BNC#6, renowned South African businessman Christo Wiese addressed the nation's pressing issues and potential pathways for progress. Wiese emphasised the need to address bureaucratic red tape hindering economic growth, advocated for privatisation of state-owned entities, and reflected on the complexities of corruption and justice in the country. Wiese also shared, for the first time, the story of when he first found out about the Steinhoff saga. Despite challenges, he remains cautiously optimistic about South Africa's future, urging proactive citizen engagement and a nuanced approach to governance.

13:31 - "My own wish list would be understand that privatisation of the lot of the State ownded entity is clearly the answer. Now we see signs of that, you know with the Arbit transaction and the just failed SAA take over that there is movement in that regard but I made the point that around the world that it had been established beyond doubt that the private sector can do most of government functions [with Steinhoff results?], if not all, much cheaper and better than the State can do it. I can recall there in the 1970s or 80s, I can't remember, there was a study done by the Office of Budget Management in the White House that came to the conclusion that there was not a single function performed by the United States Federal government that could not be done at least 30% cheaper by the private sector." [Yet... "In 1994 [government owned] Eskom had a "spare" capacity of 31%, and electricity in South Africa was among the cheapest in the world." https://aidc.org.za/a-brief-history-of-eskom-1923-2015/]–

21:04 - Wiese responds to the Steinhoff question.

24:10 - "She said Christo, people say you must have known. I said, why? Why must I have known? The auditors didn't know, the banks didn't know, the Reserve Bank didn't know, the regulators didn't know, the rating agencies didn't know, etc., etc. Why should I have known?" [Probably for the same reason, they were all in on it.]

31:36 - "[Markus Jooste's lawyer] came and he said Jooste is threatening suicide and blah, blah, blah... he offered his resignation but you must decide whether you'll accept it. My suggestion is we do not accept his resignation, I will call him to come back to the office and to help the people sort the mess out because he knows where all the bodies are buried as it turned out just about only he and those two guys in Germany. I phoned him, he was at his lawyers, I said this is my suggestion to you; come back, sort the mess out, then we'll try to save the company. He said he'll be there in 2 or 3 hours. That's the last I ever heard of him, pever pitched. But here is the irony in retrospect, if he had come back and helped sort the problem out, the company could have been saved because the company had wonderful assets. Mainly the assets that I sold to the company... but from Jooste's perspective, he would have gone to jail, he would be out now."

#20677208 at 2024-04-04 15:06:17 (UTC+1)
Q Research South Africa #12: Joburg Blast and Highjacked Buildings Edition

>>20607408

As the interviewee stated at 1:09, "It's surprising, I wouldn't have thought this is the kind of guy to [commit suicide]."

"How South African Billionaire Christo Wiese Sued His Way Back Into The Billionaire Ranks | Forbes": Steinhoff

https://youtu.be/ToOp3cyyhgo
Feb 9, 2023

Christoffel "Christo" Wiese exudes an air of calm that betrays no hint of the chaos that turned his world turned upside down for more than four years.

In December 2017, the then-76-year-old South African billionaire was informed about serious accounting fraud at retailer Steinhoff International, where he was both chairman and the largest shareholder. Those irregularities turned out to total $7.4 billion in falsified transactions over a span of nine years from 2009 to 2017, a PwC investigation found-making the Steinhoff affair the South African equivalent of the 2001 Enron debacle.

Steinhoff International had acquired Wiese's discount clothing retailer, Pepkor, in 2015 for $5.7 billion in stock and cash; and he became its chairman a year later in May 2016. Wiese stepped down as chairman in mid-December 2017, soon after the accounting fraud was made public. While it was eventually proven that Weise had no role in the fraud, the 90% drop in the share price of Steinhoff-by far Wiese's most valuable asset-pummelled his fortune, from an estimated $5.6 billion in March 2017 to $1.1 billion on the 2018 Forbes list of Africa's billionaires and then off the ranks altogether by the time Forbes' World Billionaires list came out a few months later that year.

Now, following a multi-year legal battle that ended in a $500 million settlement consisting of cash and stock, Wiese is back on Forbes' newly released 2023 list of Africa's billionaires, tied at No. 18 with an estimated net worth of $1.1 billion.

1:57 - "The thing that kind of sticks to my brain is, I read this interesting book called Steinheist which is about the accounting fraud at Steinhoff and it points out that in 2007 an analyst at the South African arm of JP Morgan put out a 56 page report highlighting the accounting issues and questions and concerns about transaction with Steinhoff. Then two years later in 2009, the book recounts a meeting that Wiese had with another analyst at another firm who had a 40 slide presentation detailing his concerns about shoddy transactions, suspiciously low tax rates, all kinds of things that didn't add up. So in a sense I feel like Wiese was warned that there was something amiss with this company but yet six years after he met with his analyst, he sold his company to Steinhoff anyway. That'll mean to say, he had it coming to him but it's sort of interesting what we choose to pay attention to and what we choose to ignore."

4:12 - "Wiese is 81 years old, he basically said that he was shocked that this fraud made it past all of these gatekeepers; the internal auditors, the external auditors, the South African Reserve Bank, the foreign banks that were lending money to Steinhoff. For somebody whose fortune got mostly wiped out in 2018 and he went through four years of a lawsuit before settlement, he seems probably pretty much at peace with the world."

#19284475 at 2023-08-02 13:52:01 (UTC+1)
Q Research South Africa #11: Diamonds, Gold, and War Edition

>>19284461
>>19284467
>>19284474

"FW DE KLERK AND COVERT DEALINGS PRIOR TO THE 1994 ELECTIONS" - Project Hammer Part 4

https://emacous.wordpress.com/2017/05/06/fw-de-klerk-and-covert-dealings-prior-to-the-1994-elections/
6 May 2017

The report quotes:
4.7 The RSA has in excess 3000 tons of gold in storage. We can identify that Cloten in Switzerland, Luxembourg and London are used extensively for stored gold.
4.8 The RSA has a small refinery in Switzerland and deals with an other small refinery in Luxembourg (owned by Italian members) to refine gold, remove the markings on the gold.
4.9 The RSA selling 550 tons of gold every year and approximately 50 tons of gold is stolen every year.
4.12 Some of this money is then recycled back in RSA.
4.13 Some examples: The recent announced merger of Goldfields and Gencor. The purchase of BOE, NBS, OK Bazaars etc. by Christo Wiese. Old Mutual Bibby Group. Gencor's Billiton Group. Rembrands Richmond Group. Anglo Americans Miners Group.
6.3 High yield investments goes generally through Volkskas Bank, Nedbank, Boland andStandard-Chartered Bank RSA, all with approval from the SARB.
6.4 Arnold van Eck, offshore in -Imposses des Michandes, Veyreier du Luc, 74000 Anmecy-France, Bis Avenue D'Albigny, 74000 Anmecy-Le Veux, Adriaan (Riaan) Stander, Switzerland, 17 Rue de Levi, Crans Montana.
6.5 Van Ecks Associates, Clientel, Co. Directors are all well known military intelligence officers and political figures. Large sums of funds to almost $1.6 billion were handled and controlled by the Van Eck Syndicate on instructions of these politicians and intelligence officers - There are in RSA R37 million in farms unaccounted for. $40 million are being held in secret accounts in Van Ecks name. An unauthorized amount of$6 million was paid to Mrs. Van Eck. There are in RSA various assets of enormous value, belonging to Afri-Air, a total of at least R700 million.Overseas funding in $ 400 million, is also unaccounted for. A further amount of $ 7000 million unaccounted, controlled by Van Eck.

After scrutinizing some of Riaan Stander's bank accounts, the following was found:

Adriaan Barend Stander
Selbornelaan 141
Lyttelton Manor, Pta.
Account name: Intercol Consultants (Pty) Ltd.
Volkskas bank - 0609-142-596, Verwoerdburg branch.
Account name: Intercol Consultants
Nedbank
Arcadia, Pretoria branch
Eastcorp South Africa
Bankcorp London
Swiftref - TBOAGB2L
90 Long Acre
London SC2E 9SF
Account name
Eastcorp main account - 01-38496030-4
El Rosario Trust account - (Eastcorp HQ) - 01-38497030-0
Anti Crisi (Eastcorp Technical Division) 01-38498030-5
Eastech International Bank SA
Boland bank
Swiftref: BOLBZAJC
Pretoria branch
Account name: Estech International Bank - 136 873 6001
Relevant bank official - Mr. L. Coetzee - Gen Man.
Eastech International Bank - Tacoma, Washington.

#19284474 at 2023-08-02 13:50:58 (UTC+1)
Q Research South Africa #11: Diamonds, Gold, and War Edition

>>19284461
>>19284467

"FW DE KLERK AND COVERT DEALINGS PRIOR TO THE 1994 ELECTIONS" - Project Hammer Part 3

https://emacous.wordpress.com/2017/05/06/fw-de-klerk-and-covert-dealings-prior-to-the-1994-elections/
6 May 2017

Rudolph Ignatius van Rooyen - born in Kroonstad on 29 April 1959
Last known address: Rheinstern Hotel 1610, Rheinstern, Dusseldorf, Germany.
Alias - Rolf Rondine.
Director - Eastech International Bank, established in China and underwritten by a Mexican Firm. Contact person - Miss Lin Ying, China.
Riaan Stander - Security director of Eastech
Steve Potnak - managing director of Eastech Bank
Steve Pansegrow - military intelligence officer supplying Eastech with intelligence reports. He also supplied highly confidential information to C1, in the names of Eugene de Kock and Pieter Botha. Pansegrow's wife was a receptionist for Van Rooyen and Stander.
Irma Els - operator helping in Ifafa - Eastcorp.
Fanie Smith - operator who signed validation certificates for Eastcorp.
- Letter of credit no. 9022101 signed by Fanie Smith and honoured by the bank and with a revenue stamp of the Greek gov.
- Certificate of deposit of $5 million, stamped by the Greek Gov, signed by Fanie Smith.
- Certificate of deposit of $25 million, stamped by the Greek Gov, signed by Fanie Smith.
- Directors of Eastcorp and Intercol as at the registrar of companies: Roelf van Rooyen, Riaan Stander, Douglas Randall. Intercol: Eugene de Kock, Gen. Tai Minnaar, Pieter Botha. Policemen and members of military intelligence served on both Eastcorp and Intercol.
- Dr. HP Bauer - involved with operator "Rosie", Dr. HJ Schuster - agent of FAS in the US, Julian Rosie - director of FAS in South Africa.
- Riaan Stander liased directly with intel. Officers fromC1 (SA Police), namely Eugene de Kock, Chappies Kloppers, Pieter Botha and Willie Nortje. They asked help from Eastech to infiltrate rightwing groups in Pietersburg and for help in the movement of large quantities of weapons.
- MAS 57/08/92 - Pretoria North Case ref, investigation officer - Lt. Col. AE Botha conducted and investigation into the irregularities, but it wasnever made public or brought to court.
In October 1998, a German intelligence operator forwarded a document marked "Top Secret" to Gerhard Laubsher of the S.A. National Intelligence Agency, marked MZ/HRB/10-10/98 ser. Noj/IBI citing the disappearance of $223 104 000 008 from the South African economy through 'black gold' dealings.

In the report the following 47 persons were named:

FW de Klerk, Hernus Kriel, Chris Stals, Japie Jacobs, Org Marais, Anton Rupert, Johan Rupert, James Cross, Christo Wiese (SARB), Christo Wiese (Boland Bank), Dr. Swanepoel, Dr. Groenewald, Mr. Potgieter, Alwyn Lombard, Jan Lombard, Barend du Plessis, Commisionar Blaauw (western cape), Simon Nothnagel, Simon and Peter Nassau, Giel Nieuwoudt, Ben Zuma, Anton Welch, George Hill, BB de Klerk, Chris Nissan, Kobus Kirsten,Van Deventer, Boet Claasen, Big John Smith, Willem Korden/Kordan, Daniel Julius, Jan Koch, John and Faize Adams, Peter Blake, Nick Fourie, Magistrate Liebenberg, Casiem and Shahida Brey, Peter Mopp, Riaan Engelbrecht, Peter Goslar, Detective Justin Swart, Charles/Lester Newton, Robert Ferguson and Wynand Louw: