CMY3701 ASSIGNMENT 1 SEMESTER 1 2025

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CMY3701 ASSIGNMENT 1 SEMESTER 1 2025

Markus Jooste commits suicide at Hermanus home Formerly one of the richest men in Africa, Markus Jooste committed suicide yesterday at
his Hermanus home a day after the Financial Sector Conduct Authority indicated it would fine him R475 million for his role in the accounting fraud at Steinhoff where he had been CEO. The accounting fraud at Steinhoff, which included misrepresentation of its financial status, resulted in severe losses for South African investors. “The investigation found that Jooste and Dirk Schreiber made or published false, misleading, or deceptive statements about Steinhoff International Holdings Limited and Steinhoff International Holdings NV, which they knew or ought reasonably to have known were false, misleading, or deceptive. Such publication included the omission of material facts,” the FSCA said on Wednesday. Schreiber, who was chief finance officer for Steinhoff Europe, escaped financial sanctions from the FSCA as he had co-operated with investigations into the company’s accounting irregularities.

Source: Q. Mtyala(2024). Markus Jooste commits suicide at Hermanus home.
Markus Jooster commits suicide at Hermanus home (IOL News), 22 March 2024.
Available at: https://www.iol.co.za/capeargus/news/markus-jooste-commits-suicide-athermanus-
home-398f953c-bd90-4576-95ff-23e80939603c
(accessed on 21 January 2025).

Based on scientific literature and the newspaper article above, answer question 1.2.
SECTION A
1.1. Present a detailed discussion of Merton’s (1938) anomie theory. (15)
1.2 Apply the assumptions of Merton’s (1938) theory to the newspaper article/case study
provided. (5)
SECTION B
2.1 Explain the conception of the social order and its policy implication. (5)