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PIC heads to court to force Steinhoff to release PwC report

3 December 2019 4:20 PM
Tags:
Steinhoff
PIC
PWC
Steinhoff Africa
steinhoff corruption
PwC South Africa
Steinhoff Debt

Eyewitness News reporter Gaye Davis gives details on how the report was commissioned.

The Public Investment Corporation (PIC) is taking legal action to compel Steinhoff to hand over PwC's report on what led to the retailer’s accounting scandal.

The PIC told Parliament's standing committee of Finance that is believes the report is critical for it to pursue directors involved in the scandal.

Eyewitness News reporter Gaye Davis has more.

I think Steinhoff is going to resist legal action that the PIC says it is going to move ahead with.

Gaye Davis, Reporter - Eyewitness News

The report is the outcome of the investigation that was carried out by PwC at the behest of Steinhoff once the extent of the fraud emerged. I am told the report in itself is massive.

Gaye Davis, Reporter - Eyewitness News

All that Steinhoff has released so far is an executive summary but obviously the devil lies in the detail and the PIC says it is critical that they get hold of the report.

Gaye Davis, Reporter - Eyewitness News

Listen to the full interview below...


3 December 2019 4:20 PM
Tags:
Steinhoff
PIC
PWC
Steinhoff Africa
steinhoff corruption
PwC South Africa
Steinhoff Debt

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