EWN reports that the Public Servants Association (PSA) and the Federation of Unions of SA (Fedusa) have started with their investigation into Steinhoff.
On Friday after a three-hour meeting, the global retailer handed over its administrative and financial reports dating back to 2002 to the union and the federation. The R194 billion collapse in the company’s share price cost the Government Employees Pension Fund (GEPF) R12.5 billion. Fedusa’s Dennis George said: Fedusa is now going to utilise this information and we already have a collaborative agreement with a research company, which is the one that originally started the investigation.” Meanwhile, on Friday the PSA threatened to disrupt the Sun Met horse racing event at Kenilworth if former Steinhoff CEO Markus Jooste's horses were not withdrawn. “Sun International can’t want to be associated with such an individual after what has happened If they don’t remove Markus Jooste’s horses and all his interests from the Sun Met, we’ll be marching there,” the union indicated Jooste resigned amid allegations of accounting fraud.
- Read this report by Graig-Lee Smith in full at EWN
- See too, PSA threatens to disrupt horse racing event over Steinhoff ex-CEO Jooste, at EWN
Get other news reports at the SA Labour News home page