CAPE TOWN – Former Steinhoff chief executive Markus Jooste has been given a week’s reprieve to appear and testify under oath before four parliamentary committees following an agreement reached at court yesterday.
Parliament made public the court order, which spells out an agreement reached between its lawyers and Jooste’s, that the disgraced former Steinhoff chief executive would no longer be required to appear before MPs today, but seven days later on September 5.
“The applicant will appear, as the only witness to testify on the day… to give evidence under oath and to be questioned to assist the committees to identify any institutional flaws and challenges existing in the financial regulatory framework or any implementation challenges in the financial regulatory framework which might have caused or given rise to the collapse of the value of Steinhoff shares,” the order states.
Jooste headed Steinhoff at the height of a scandal that rocked the company last year.