The Public Investment Corporation (PIC) is filing a court application to force Steinhoff to release the PwC forensic report the company has withheld on the grounds of confidentiality.

The corporation, which acts as asset manager of the Government Employees Pension Fund (GEPF) and other statutory funds, and which has assets under management of more than R2-trillion, has an exposure of about R24bn due to the collapse of the Steinhoff share price in December 2017 following revelations of financial irregularities allegedly perpetrated by former CEO Markus Jooste.

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