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You are here: Home / News / South Africa’s Biggest Corporate Scandals Explained – From Steinhoff to State Capture

South Africa’s Biggest Corporate Scandals Explained – From Steinhoff to State Capture

31 October 2024 by Guest

Ever wonder what those shiny logos are hiding? Spoiler: They’re cooking more than just the books.

This week on Politically Aweh, our host KG Mokgadi is diving deep into the messy world of private sector corruption—and trust us, it’s not just government officials having all the shady fun! With help from a “career guidance counsellor” at the South African Institute of Crony Accountants and Other Professionals, we’re spilling the tea on how companies like Steinhoff and Tongaat Hulett cooked their books so well, it’s a miracle they didn’t open their own restaurant chain.

From pension fund robbery to auditing “oopsies”, find out how these corporate crooks pulled off South Africa’s biggest heists—while their auditors turned a blind eye (or maybe two).

Check out some of Callum’s content: @callumhitchcock339

0:00 – 00:43 Introduction
00:43 – 3:45 SAICAP Careers Video Skit
3:45 – 4:55 Privatisation Not The Holy Grail?
4:55 – 5:38 Corporate corruption from 1652 to present
5:38 – 7:00 Steinhoff – the Big Daddy Scandal
7:00 – 7:40 Tongaat Hulett – The Sugar Daddy Scandal
7:40 – 8:20 Consequences
8:20 – 9:20 Solutions
9:20 – 10:31 Conclusion

📌Follow us on:
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💻Visit our website – http://www.politicallyaweh.co.za

Politically Aweh is a current affairs news show with a uniquely South African flavour. We’re independent, bold, and funded by people who care what happens in and around our country.

We’re also a registered nonprofit media company , and we rely on donations to keep making our fresh, fun, and fearlessly truthful content. You can support us here, once off, or monthly, using Snapscan: https://pos.snapscan.io/qr/8H-YVcrN or contact us if you need another payment method.

📩Contact info@politicallyaweh.co.za today.

Let’s Get AWEH!

Ever wonder what those shiny logos are hiding? Spoiler: They’re cooking more than just the books.

This week on Politically Aweh, our host KG Mokgadi is diving deep into the messy world of private sector corruption—and trust us, it’s not just government officials having all the shady fun! With help from a “career guidance counsellor” at the South African Institute of Crony Accountants and Other Professionals, we’re spilling the tea on how companies like Steinhoff and Tongaat Hulett cooked their books so well, it’s a miracle they didn’t open their own restaurant chain.

From pension fund robbery to auditing “oopsies”, find out how these corporate crooks pulled off South Africa’s biggest heists—while their auditors turned a blind eye (or maybe two).

Check out some of Callum’s content: @callumhitchcock339

0:00 – 00:43 Introduction
00:43 – 3:45 SAICAP Careers Video Skit
3:45 – 4:55 Privatisation Not The Holy Grail?
4:55 – 5:38 Corporate corruption from 1652 to present
5:38 – 7:00 Steinhoff – the Big Daddy Scandal
7:00 – 7:40 Tongaat Hulett – The Sugar Daddy Scandal
7:40 – 8:20 Consequences
8:20 – 9:20 Solutions
9:20 – 10:31 Conclusion

📌Follow us on:
Facebook / politicallyaweh
Instagram / politicallyaweh
Twitter / politicallyaweh
TikTok / politicallyaweh

💻Visit our website – http://www.politicallyaweh.co.za

Politically Aweh is a current affairs news show with a uniquely South African flavour. We’re independent, bold, and funded by people who care what happens in and around our country.

We’re also a registered nonprofit media company , and we rely on donations to keep making our fresh, fun, and fearlessly truthful content. You can support us here, once off, or monthly, using Snapscan: https://pos.snapscan.io/qr/8H-YVcrN or contact us if you need another payment method.

📩Contact info@politicallyaweh.co.za today.

Let’s Get AWEH!

Good Party: This party is a smaller party that advocates for good governance and accountability.

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Reader Interactions

Comments

  1. Venious

    7 September 2026 at 4:53 am

    Bra / Bru – friend. This term is commonly used to call a friend, pal or buddy.

  2. bridge whip

    31 August 2026 at 12:19 am

    A new teacher enters a classroom full of students.

    The teacher stands at the front of the room and greets the students, \”Good morning, class.\”

    None of the students say anything. One boy at the back of the classroom stands up, \”Good morning, teacher.\”

    Puzzled, the teacher carries on. The following morning, the same thing happens. Day after day goes by, and it\’s the same routine.

    One morning after greeting the class and the same student standing and greeting, the teacher has had enough, \”Why is it, that every time I walk in and greet the entire room, only you stand up and greet me?\”

    In the most broken English, the boy replies, \”Because I are the only one here, what\’s name are Klass\”

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