PwC presents focus of investigations to Steinhoff

JOHANNESBURG – PriceWaterhouseCoopers (PwC) has given a presentation to executives at scandal-hit retailer on “the scope and focus of their forensic investigations,” Steinhoff says in emailed response to questions, without giving detail of what they will probe, Bloomberg reported.
Steinhoff will give updates on “the progress and any outcomes” of the auditor’s probe into accounting irregularities when possible, Bloomberg further reported.
Steinhoff was one of the top 10 shares on the JSE, it featured in tracking indices that are followed by investment funds including the PIC and the Government Employees Pension Fund (GEPF).
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