Steinhoff’s No.2 investor wants to take part in accounting scandal probe


JOHANNESBURG (Reuters) – South African state pension fund, PIC, the second-largest investor in Steinhoff, said on Wednesday it would ask for a seat in a committee investigating accounting irregularities in the South African multinational retail group.Steinhoff is in the throes of an accounting scandal that has wiped billions of dollars off its shareholder in the past week.

Reporting by Tiisetso Motsoeneng, editing by Louise Heavens

Previous articleSouth Sudan needs $1.7 bln humanitarian aid in 2018
Next articleCongo central bank expects 4.4 pct GDP growth in 2018
Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.