Parliament making sure to get its ducks in a row in attempt to call Markus Jooste
The standing committee on finance says it is taking the necessary steps to issue Jooste with a subpoena 'in a way that will not be open to legal challenge'
Parliament’s standing committee on finance still wants to question former Steinhoff CEO Markus Jooste about the collapse of the global retailer’s share price. Jooste has resisted appearing voluntarily before the committee on the grounds that this could jeopardise his right to a fair trial in the event of a future prosecution. The committee said it was taking the necessary steps to issue Jooste with a subpoena "in a way that will not be open to legal challenge". It has to balance this with its own obligation to exercise oversight. The collapse of the Steinhoff share price was a heavy blow to investors such as pension funds, including the Government Employees Pension Fund, the assets of which are managed by the Public Investment Corporation, the largest investment manager in SA. Committee chairman Yunus Carrim said at a committee meeting on Tuesday that Jooste was likely to take legal action to resist complying with a subpoena. He said it was necessary for the committee to be scrupulo...
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