It has been more than seven years since Markus Jooste resigned as CEO of Steinhoff on 5 December 2017 and Steinhoff's supervisory board requested PwC's advisory services unit to conduct a forensic investigation into accounting fraud at the former international retail giant.
The investigation took more than a year to complete and a hefty report of 7 000 pages, including 4 000 pages of supporting documentation, was presented to Steinhoff's supervisory board in March 2018.
Immediately referred to as the PwC Report, shareholders, the public, law enforcement agencies and the media all wanted to see it. The main focus of interest was to see who knew what and who were the main perpetrators of the accounting fraud.
Steinhoff only published a short overview of the findings a further year later, on 15 March 2019, claiming that the PwC Report contained privileged information and disclosing the full report would hamper efforts to recoup losses.
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Denne historien er fra January 06, 2025-utgaven av The Citizen.
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WTC criteria needs rethink
Everything about cricket's World Test Championship needs a rethink.
TEST SERIES IN THE BAG
SUPERB: PROTEAS COAST TO VICTORY AFTER PAKISTAN PUT UP A BIG FIGHT
Nabi looks at bolstering squad
Nasreddine Nabi says Kaizer Chiefs are working as hard as possible to bring in new transfers this January.
Cummins has his long-range glasses on
Cricket's World Test Championship (WTC) final is still five months away but it is already playing on the mind of Australia skipper Pat Cummins (right), saying the defence of their title is \"a huge goal\" after conquering India.
SA's Aimee lands an historical gig
APPOINTMENT: FIRST FEMALE REF IN CHALLENGE CUP
Ranieri enjoys his biggest win
Roma triumphed 2-0 against local rivals Lazio on Sunday to give Claudio Ranieri (above) his biggest win since the veteran coach took charge of his boyhood club for the third time.
Ancelotti: It's 'difficult' to be Vinicius
Real Madrid coach Carlo Ancelotti said Sunday it would be \"difficult\" to be Vinicius Junior (right) after the player was sent off against Valencia.
Virgil backs team-mate
VAN DIJK: ALEXANDER-ARNOLD MAY BE DISTRACTED BY MADRID INTEREST
Muhsin still has Chiefs' number
HISTORY: FORMER COACH AWARE OF AMAKHOSI CHINKS
Mothiba seen training in Morocco
Lebo Mothiba (left) was spotted in Morocco recently where he's believed to be on trial at Wydad Casablanca with the hope of securing a contract.
