Steinhoff hearings set for end of January

Steinhoff hearings set for end of January

The Standing Committee on Finance has reaffirmed its decision that Steinhoff hearings will still continue at the end of January.


Steinhoff Int Holdings
Steinhoff International Holdings

Chairperson of the Standing Committee on Finance, Yunus Carrim, says three parliamentary committee would be involved.


"The hearings will be held jointly with the Standing Committee on Public Accounts (Scopa) and the Administration Portfolio Committee."


A date for the hearings has not yet been finalised. 


ALSO READ: COSATU want 'corrupt' Steinhoff officials jailed


Carrim has disputed claims by the Democratic Alliance's (DA) David Maynier that hearings only being held due to pressure from the opposition. 


"I acted immediately after the issue broke out and decided that the committee would have to have hearings on this matter well before Maynier wrote to me and rushed to the media."


Carrim says he has written to the Financial Services Board (FSB), South African Reserve Bank, Public Investment Corporation, Government Employees Pension Fund, Independent Board for Auditors and JSE informing them about the pending hearings and  requested them to provide the committees with the scope or terms of reference of the FSB investigation into Steinhoff and the possible timelines for the completion of the investigation.


ALSO READ: Christo Wiese resigns as Steinhoff chairman


"All Mr Maynier had to do was phone or SMS me to check on progress, and not seek to claim that it's only the DA component in the Committee that cares about an issue of such national importance that should really cut across petty political party rivalries,"says Carrim.


Steinhoff was plunged into a crisis late last year, amid allegations of corruption when its stock dropped by more than 61%.


It has also been estimated that public servants also lost pensions worth R12.5bn. 



 

Show's Stories