Steinhoff CEO to answer in South Africa's parliamentReading time 1 min Staff Writer | August 22, 2018
South Africa's parliament on Tuesday summoned Steinhoff's former chief executive and ex-chief financial officer to give evidence in an inquiry over the accounting scandal at the firm.
Africa CEO Markus Jooste
The former CFO Ben la Grange will also be summoned to give evidence to the Standing Committee on Finance. The hearing will take place on August 29.
Steinhoff is fighting for survival after revealing multi-billion euro holes in its balance sheet that wiped away more than 90 percent of its market value and forced it to sell assets to raise working capital. ■