We are beginning to see how and why the apparent fraud at Steinhoff was missed by so many institutional investors. In this explosive interview with founder and director of 36ONE Asset Management, Cy Jacobs, he describes a confrontation he had with Markus Jooste many years back over the accounting treatment of certain issues at the company. But he also describes how Jooste got Absa Securities to change a scathing report by one of its analysts who was critical of what was going on at the JD Group. We are seeing other stories like this beginning to emerge. It’s a fascinating interview – WT.