Steinhoff CEO to Update South African Lawmakers on Probe (1)

Steinhoff International Holdings NV Chief Executive Officer Louis du Preez will give an update to South African lawmakers next week about the ongoing investigation into an accounting scandal that almost destroyed the retailer more than a year ago.

Representatives of regulators and a local anti-graft police unit are also expected to appear at the parliamentary hearing in Cape Town starting March 19, Du Preez told reporters in the city on March 11.The CEO will also meet with South Africa’s Financial Sector Conduct Authority this week, he added.

The news comes as Steinhoff prepares to release a summary of a long-awaited ...