The share price of the global retailer plummeted in December after it
reported that accounting irregularities in its financial statements
were being probed. The group is under investigation by regulators in
Europe, as well as in South Africa.
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| Finance committee chairperson Yunus Carrim. Picture: TREVOR SAMSON |
Carrim said the hearings would be held
jointly with the standing committee on public accounts (Scopa)
and the
portfolio committee on public service and administration. "Depending on
outstanding administrative issues, the hearings will be on January 30 or
31," Carrim said.
He said he had written to the Financial
Services Board, South African Reserve Bank, Public Investment
Corporation, Government Employees Pension Fund, the Independent
Regulatory Board for Auditors and the JSE. He has informed them about
the pending hearings and has asked them to provide the committee with
the scope or terms of reference of the Financial Services Board
investigation into Steinhoff and the possible timelines for the
completion of the investigation.
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