International retailer, Steinhoff, will be engaged IN multiple parliamentary committees on Wednesday.
Scopa Chairperson Themba Godi says all individuals found to be responsible for corruption at Steinhoff International should be prosecuted and jailed.
SCOPA Chairperson Themba Godi says next week Wednesday’s meeting with Steinhoff International might not be the last one. Godi says Steinhoff has been informed to come to Parliament.
Embattled South African international retail holding company, Steinhoff International, has withdrawn its sponsorship of the Springbok Men’s and Women’s, and SA Rugby Sevens Academy teams.
The Chairperson of the Standing Committee on Finance, Yunus Carrim has hit back at the DA Member of Parliament David Maynier for what he calls “political posturing.”
A group of South African investors want to join a Dutch class action suit against Steinhoff.
Retailer group Steinhoff International Holdings N.V. said on Thursday significant near-term liquidity was still required in some of its business units although it had has achieved some degree of stabilisation after revelations of accounting irregularities triggered a run on its shares in December.
The scandal-hit South African retail giant Steinhoff announced Tuesday it would restate some financial results for 2015 and 2016 amid a probe into accounting irregularities.
International retailer Steinhoff has been downgraded by rating agency Moody’s.
An application by a leading bank group to have one of the companies of former Steinhoff CEO Markus Jooste liquidated is expected to be heard in the High court in Cape Town on Friday.