Earlier this month former Steinhoff CEO Markus Jooste managed to sidestep responsibility for the financial collapse of the global retailer during a three-hour Parliamentary inquiry.
Jooste resigned from Steinhoff in December just as revelations of alleged “accounting irregularities” emerged — and the retailer’s stock crashed by more than 60% overnight.
In a flash, the Public Investment Corporation, which invests the Government Employees Pension Fund, lost billions.
Something smells bad, so we’re going to dig into this a little deeper.
- For more details into our open investigation into Steinhoff, go here.
We’re investigating Jooste’s relations with George Evans & Malcolm King, offshore dudes at ground zero of #Steinhoff. Too many people who know things tell me: “I don’t want to get involved.” This is how SA is failing. If you can help, please do! Contact me or @amaBhungane
— CraigMcKune (@CraigMcKune) September 13, 2018