Will Marcus Jooste and Ben La Grange appear before Parliament?

Former Steinhoff CEO, Marcus Jooste and CFO, Ben La Grange will be summoned to appear before the Standing Committee on Finance.

They will be expected to give insight into what may have led to the sudden collapse of Steinhoff's share price last year.

Financial writer James-Brent Styan says the reason Jooste hasn't appeared before Parliament is that he says he resigned from the company and therefore is not the right person to answer questions about Steinhoff.

I am putting my head on the block that Jooste won't go and even Ben La Grange won't be going either, even though they have been summoned. The question is what is Parliament going to do about it.

James-Brent Styan, Financial writer

Even Dudu Myeni was summoned a year ago and there was even a warrant of arrest out and that's been about half a year already and nothing happened.

James-Brent Styan, Financial writer

Styan says he thinks La Grange and Jooste have super legal teams on their side and will be ready to battle this out in court.

To hear the rest of the conversation with James-Brent Styan, listen below:


Recommended

by NEWSROOM AI
Read More
Substantial evidence is needed to make arrests in Steinhoff case - Hawks boss

Substantial evidence is needed to make arrests in Steinhoff case - Hawks boss

Hawks head General Godfrey Lebeya joined Xolani on the Afternoon Drive after his first briefing to parliament on Wednesday.

‘Steinhoff: Inside SA’s Biggest Corporate Crash’ author reveals shocking details

‘Steinhoff: Inside SA’s Biggest Corporate Crash’ author reveals shocking details

Exposed! Blonde mistress, racing horses, unparalleled extravagance… The Money Show’s Bruce Whitfield interviews James Brent Styan.

Steinhoff shares jump to a high

Steinhoff shares jump to a high

Financial Mail Deputy Editor, Sikonathi Mantshantsha, looks at Steinhoff shares and Trevor Manuel's hard sell...

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Viceroy founder disbarred in UK for misconduct and dishonesty - Intellidex

Viceroy founder disbarred in UK for misconduct and dishonesty - Intellidex

Viceroy plagiarised Intellidex’s Steinhoff report, says its Chair Stuart Theobald and Business Leadership SA’s Bonang Mohale.

Words you will hear today: Stein-aster

Words you will hear today: Stein-aster

A combo of Steinhoff and disaster after allegations of financial irregularities saw 62% wiped off the value of Steinhoff.

Popular articles
[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

Residents were out on the streets to watch the troops arriving in Manenberg and Hanover Park on Thursday afternoon.

[WATCH] Tour de France rider smashes into spectator's cellphone

[WATCH] Tour de France rider smashes into spectator's cellphone

Cycling journalist Mikkel Conde tweeted the clip warning spectators to stop leaning over the barriers with their phones.

You made a huge mistake downloading FaceApp if your privacy is important to you

You made a huge mistake downloading FaceApp if your privacy is important to you

Washington Post technology columnist Geoffrey A. Fowler did a forensic analysis of the Russia-based app. Check it out.

Beware 'dodgy' Nadal vs Federer ticket offers

Beware 'dodgy' Nadal vs Federer ticket offers

The Roger Federer Foundation says no ticket platforms are yet in possession of, nor have guaranteed allocation of tickets.

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

[LISTEN] Voice of the underworld - a 'retired' Cape Flats gangster speaks out

Jason is a 50-year-old former member of The Americans, the largest street gang operating in Cape Town.

How Christo Wiese became the richest in SA, and how it all came crashing down

How Christo Wiese became the richest in SA, and how it all came crashing down

The Money Show’s Bruce Whitfield interviews TJ Strydom, author of “Christo Wiese - Risk And Riches”.