News24 Wire
Wire Service
1 minute read
15 Oct 2019
9:25 pm

There is progress on Steinhoff, says Batohi

News24 Wire

Batohi said on Tuesday that the National Prosecuting Authority (NPA) and the Hawks are working closely together on the Steinhoff case.

Former Steinhoff CEO Markus Jooste. FILE PHOTO: Armand Hough/African News Agency (ANA)

To go for the low-hanging Steinhoff-fruit or to catch the big fish – this is the question National Director of Public Prosecutions Shamila Batohi and Hawks head Godfrey Lebeya are mulling over.

Choosing her words carefully in the public forum of the Portfolio Committee on Justice and Correctional Services, Batohi said on Tuesday that the National Prosecuting Authority (NPA) and the Hawks are working closely together on the Steinhoff case.

“There have been proposals by the joint team – the investigators and the prosecutors – about certain steps that can be taken in the shorter term,” Batohi said.

She said they are putting together a review team to determine if that is the right way to proceed at this stage.

“There is a fair amount of work happening. But we – the head of the Hawks and myself – needs to be satisfied that we actually have moved sufficiently forward so that this is seen as addressing the big problem.”

She said a balance needs to be struck.

“Do we go for the low hanging fruit, or do we investigate a little bit longer and approach it.

“But there is certainly progress on that matter.”

In late 2017 Steinhoff’s share price plummeted – wiping out R20 billion in investments from public pensions – as allegations of insider trading, cooking financial books and dodging taxes came to light after former CEO Markus Jooste’s resignation.

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