[LIVE BLOG] Jooste: My Steinhoff shares were worth R3bn before collapse

Former Steinhoff boss Markus Jooste makes his first public appearance in months as he appears in Parliament.

WATCH LIVE: Follow Markus Jooste's appearance here

That's it for today guys.

It seems Markus Jooste isn't winning the public's vote ...

Carrim describes Jooste's answers as "incredulous". Asks the former Steinoff CEO whether he and the board chair aren't ultimately accountable.

Jooste admits the Steinhoff collapse could have been avoided.

Jooste, in response to a question from MP Dorothy Chiloane, says he takes responsibility for everything that happened at Steinhoff before he left in December 2017.

Jooste seemingly lays the blame for any auditing problems with Steinhoff's auditing committee.

Jooste: I've already shared with the committee that the start of a new investigation on 5 December would take longer than two years, leaving the company in limbo. At that stage that was my decision, that I had enough. It wasn't about money. I wanted to force them to take the right decision for the company.

Markus Jooste is told he is giving Parliament "meandos", suggestion his testimony is worthless/rubbish/[insert your word here].

Jooste says he has also offered his assistance to the Hawks in their investigation into Steinhoff's corruption scandal.

Jooste reveals he's been questioned by the Financial Services Board in Pretoria this year. He says he has no documents or records left since his departure from Steinhoff. His email and phone access were blocked after his resignation.

Jooste reveals that he owns 68 million shares in Steinhoff, through a family trust. The shares were worth around R3 billion rand on the day before the share crashed more than 90 percent.

Jooste explains why he didn't appear in Parliament after previous requests.

Shivambu wants to know how much money, if any, Jooste had invested in Steinhoff.

Shivambu: It seems someone is lying to Parliament.

Comment: Who, if, anyone could be lying between Jooste, Christo Wiese & Ben La Grange

Christo Wiese denies ever shorting Steinhoff's stock and booking the profits.

Floyd Shivambu: When did Christo Wiese and Steve Booysen become aware of Steinhoff's problems? What are you hiding in terms of all these issues?

Carrim has urged Jooste to provide more specific answers.

Yunus Carrim to Jooste: The only basis on which you could turn down answering a question specifically, as your lawyers will guide you ... , is if you can show that in some or other way it is legally valid for you not to answer the question given the inquiries by [local & international law enforcement authorities].

Jooste gives his take on what delaying the financial results would've meant.

This could be interesting ... 

Jooste: I want to place on record that when I left Steinhoff on the fourth of December I was not aware of any accounting irregularity, [which] they refer to, in the books of Steinhoff.

An out-of-court settlement between his lawyers and Parliament last month means the questions will centre largely on whether gaps in the financial regulatory system played any role in the debacle.

The big question is what he will say, and how much light will be shed on the actions that led to Steinhoff’s spectacular fall.

Jooste was summonsed by Parliament to appear last week alongside former CFO Ben la Grange, but challenged the subpoena, raising his right not to be compelled to give self-incriminating evidence that could jeopardise a fair trial.

Clearly it seems some people want Yunus Carrim to go harder.

Welcome to EWN's live blog on Markus Jooste's appearance before Parliament. This is how it started.