https://newsletter.po.creamermedia.com
Deepening Democracy through Access to Information
Home / News / South African News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

DA wants probe into Deloitte over Steinhoff role


Close

DA wants probe into Deloitte over Steinhoff role

Should you have feedback on this article, please complete the fields below.

Please indicate if your feedback is in the form of a letter to the editor that you wish to have published. If so, please be aware that we require that you keep your feedback to below 300 words and we will consider its publication online or in Creamer Media’s print publications, at Creamer Media’s discretion.

We also welcome factual corrections and tip-offs and will protect the identity of our sources, please indicate if this is your wish in your feedback below.


Close

Embed Video

DA wants probe into Deloitte over Steinhoff role

DA wants probe into Deloitte over Steinhoff role

8th December 2017

By: African News Agency

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

South Africa's main opposition Democratic Alliance (DA) said on Friday it had requested an investigation into Deloitte, the auditors of retail group Steinhoff, after accounting irregularities were uncovered.

"The resignation of Markus Jooste, Chief Executive Officer of Steinhoff International Holdings NV, and the announcement that “accounting irregularities” would require investigation, may be one of the biggest corporate scandals ever in South Africa," DA shadow minister of finance David Maynier said in a statement.

Advertisement

"We are concerned that the auditing firm responsible for signing off the financial statements, which in this case is Deloitte DV in Germany, may have turned a blind eye to accounting irregularities at Steinhoff."

He said he had asked for investigations by the Dutch Authority for the Financial Markets, Germany's Auditor Oversight Body and the Independent Regulatory Board of Auditors in South Africa into whether Deloitte in Germany or South Africa had complied with international audit standards.

Advertisement

"We need to be tough on crime in the public sector, and tough on crime in the private sector, and that is why we will ensure that the scandal surrounding accounting irregularities at Steinhoff International Holdings NV, which has wiped out the savings of thousands of pensioners who invested in the company via the Government Employees Pension Fund, are fully investigated," Maynier added.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za