EDITORIAL: Release the full PwC report
The FM has lodged an access to information request with Steinhoff, represented by law firm Webber Wentzel, to compel the release of the full report
If the corporate sector wants to set an example to those in government when it comes to clean governance and transparency, the curious actions of embattled retailer Steinhoff on this front will engender anything but confidence. Last week, Steinhoff released a scant 11-page summary of a 14-month forensic investigation by PwC into the country’s largest fraud. Even worse, that summary — a fraction of the 3,000-page full report — didn’t even bother to name those it believed responsible for a fraud that involved R106bn in fake earnings. It was only days later, in parliament, that Steinhoff was forced to reveal who they were — a cohort of eight individuals with former CEO Markus Jooste at the centre.
PODCAST: Hear from the Steinhoff whistleblowers..
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