Analysts: Weise's resignation a positive
Market analysts have described the resignation of Steinhoff International chairperson and largest shareholder Christo Wiese and his son Jacob as a step in the right direction.
Wiese announced that he is stepping down from the supervisory board amid the accounting scandal engulfing the retail giant.
North West University’s Professor Raymond Parsons believes Wiese’s resignation will help ease the crisis at the retail giant.
Parsons says those guilty of fraud or corruption need to be held accountable, so as to regain the confidence of investors.