Two questions Steinhoff CEO Louis du Preez is asked most often

Steinhoff International Holdings CEO Louis du Preez. Picture: DWAYNE SENIOR/BLOOMBERG

The first relates to an in-depth investigation by PwC into an accounting scandal that erupted in late 2017. The results of the probe were delayed several times as even the sharpest financial minds struggled with the complexity of the task. The second question refers to the fate of Jooste, the executive identified by Steinhoff as most responsible for the layers of third-party transactions and inflated numbers behind alleged financial wrongdoing.

Steinhoff is co-operating with the authorities and has almost daily contact with SA’s regulators, but its remit only goes so far, Du Preez said.

Source: News Formal (newsformal.com)

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