Will Jooste go to jail?

  • Muhtiman
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Re: Will Jooste go to jail?

7 years 6 months ago
#703168
Felix wrote: I don't think this was only one person's doing. Surely his fellow board members must have had an inkling of what was going down.
....they might have known but he was a reputed aggressive businessman.....and he therefore went unchallenged.....just the same way he walked all over the local horse racing industry..... :S

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HOLLYWOOD 468 NEW
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Re: Will Jooste go to jail?

7 years 6 months ago
#703169
Muhtiman wrote: ....what's the deal.....if convicted can/will they take his assets....shares in other entities etc....does he have a chance of trying to get liquid by selling assets before any charges are formulated..... what if he was merely "sailing close to the wind" as some have said..... and did not actually commit any prosecution able offences..... :huh:

They can take away anything that he has realized (gain) up to 2 years ago... :blink: And that includes ALL current assets etc.

Believe me, with the offloading of theses shares at the moment the BIG news is still going to come out!.

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  • Over the Air
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Re: Will Jooste go to jail?

7 years 6 months ago
#703170
www.moneyweb.co.za/moneyweb-opinion/the-...gement-industry-yet/
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  • The missing link
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Re: Will Jooste go to jail?

7 years 6 months ago - 7 years 6 months ago
#703202
Over the Air wrote: www.moneyweb.co.za/moneyweb-opinion/the-...gement-industry-yet/

Took Magda half an hour to find the irregularities but the Sygnia active managed fund has Steinhoff and EOH in it, hypocrite. If this was Naspers I'd love to hear her comments considering her 'diversified' passive funds hold 25% of the share.
Last edit: 7 years 6 months ago by The missing link.

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  • flaunt
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Re: Will Jooste go to jail?

7 years 6 months ago
#703204
Magda tracks indexes so she can’t avoid a stock that is part of an index
Fellows the auditors have been signing these accounts off for years . The company just paid 5 billion of debt and bought back shares for around 1 billion after the Star listing . They would have needed approval for that . The collateral damage to shareholders alone on that trade is a monster. It was shareholders funds !

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10 BET HORSE RACING
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Re: Will Jooste go to jail?

7 years 6 months ago - 7 years 6 months ago
#703207
flaunt wrote: Magda tracks indexes so she can’t avoid a stock that is part of an index
Fellows the auditors have been signing these accounts off for years . The company just paid 5 billion of debt and bought back shares for around 1 billion after the Star listing . They would have needed approval for that . The collateral damage to shareholders alone on that trade is a monster. It was shareholders funds !

Not all of Sygnia's funds are passive index trackers. Their actively managed funds are expensive, under performing and hold every dodgy share in SA. She should clean up her own company before making hypocritical comments like the ones she made.
Last edit: 7 years 6 months ago by The missing link.

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  • manwatweet
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Re: Will Jooste go to jail?

7 years 6 months ago
#703209
Now that we are talking stocks and not racing.................

Take some of that December bonus and buy for the long term SATRIX MSCI EMERGING MARKETS ETF.


Kan nie verkeerd gaan nie.
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  • Mac
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Re: Will Jooste go to jail?

7 years 6 months ago
#703221
Felix wrote: I don't think this was only one person's doing. Surely his fellow board members must have had an inkling of what was going down.

You are quite correct, I think six CA's on the board who apparently are all dumb.

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