PARLIAMENTARY OVERSIGHT:
Committees gear up for briefing on Steinhoff
Parliament’s legal advisers are engaging with Steinhoff’s lawyers on the parameters of the briefing that the company will give to three parliamentary committees on Wednesday. Members of the standing committee on finance, the standing committee on public accounts and the public service and administration committee will be briefed by Steinhoff and by the JSE, the Treasury, the Financial Services Board, the Reserve Bank, the Independent Regulatory Board for Auditors, the Government Employees Pension Fund and the Public Investment Corporation. "It is an initial meeting for the committees to get a better sense of what happened at Steinhoff, what the role of the regulatory and statutory bodies and the JSE are in investigating the matter, and what role the government and our respective parliamentary committees need to play. "We are also interested to know about the co-operation between the regulators and other statutory bodies here and in Germany, the Netherlands and elsewhere," the chairp...
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