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Steinhoff saga: One year on, the wait for justice continues

eNCA logo eNCA 5 days ago

a close up of a sign © ANA
JOHANNESBURG - It's one year since the Steinhoff scandal made headlines around the country and the world.

The near collapse of what used to be a stock market darling put thousands of jobs across the globe in jeopardy.

Related: Saftu calls on NPA to prosecute former Steinhoff CEO Markus Jooste

Following the news, Steinhoff CEO Markus Jooste resigned from his position with many sectors calling for him to be prosecuted.

But Steinhoff investors are going to have to wait a little longer to find out exactly how the books were cooked for years.

Markus Jooste (File) © Gallo Images Markus Jooste (File)

In a statement, the company says it will now publish its forensic investigation report in February and not at the end of this year.

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The company says the investigative process led by PWC has been significantly more complicated than initially anticipated.

The release of its annual results has also been delayed. They are set to be released in April next year.

James-Brent Styan, author of the book, 'Steinhoff - Inside SA's Biggest Corporate Crash' said the process to prosecute those involved has taken too long.

Related: Steinhoff Delays Earnings as Forensic Investigation Drags On

Styan explained some of the difficulties around the case.

Big company bosses who got busted (Provided by StarsInsider) 

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