Heather Sonn's report was 'wishy-washy', Yunus Carrim says
MPs were very dissatisfied about the presentation made to four parliamentary committees on Wednesday by the chair of the Steinhoff supervisory board Heather Sonn. Finance committee chair Yunus Carrim said it was "wishy washy". Sonn briefed members of the finance, public accounts, trade and industry, and public service and administration committees on progress made in stabilising the global furniture retailer. But MPs said her presentation was a PR exercise that did not get to the root of what went wrong at Steinhoff and what the details of the accounting irregularities were that led to the collapse of its share price in December. MPs were frustrated at the lack of detailed information about the progress made in the forensic investigation by PwC into the accounting irregularities. Public accounts chair Themba Godi wanted to know what went wrong within Steinhoff and what it was about the company which made the accounting irregularities possible. Carrim said no details had been provide...
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