PSA to protest at Sun Met over Steinhoff

Members of the Public Servants Association (PSA) plan to protest at the Sun Met horse race where former Steinhoff CEO Markus Jooste's horses are expected to take part in.

Jooste recently resigned from the international retailer amid allegations of fraud, which saw the company's share prices plummet.

The PSA says its members want to know how Jooste "can just carry on riding his horses" without facing any consequences.

"Its not business as usual, Mr Jooste cannot carry on as if he has just went around the corner and took a sweet out of a jug," says the PSA's general manager Ivan Fredericks.

The union has also called on celebrities and politicians to boycott the event.

The PSA represents more than 230,000 public servants who are members of the Government Employees' Pension Fund.

Some of their monies are invested in Steinhoff.

Jooste's horses

Meanwhile, according to Fredericks, the National Horseracing Authority (NHA) has informed the PSA that Jooste's horses will not take part in the event as he is in the process of selling them.

He has further "resigned as a board member and has also relinquished all privileges and colours of his horses," reads a statement by the PSA.

But Fredericks insists the horses Jooste plans to sell excludes those he co-owns with other partners.

The Sun Met is scheduled to take place at the Kenilworth Racecourse in Cape Town, 27 January.