WATCH LIVE: Follow Markus Jooste's appearance here
[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.
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.
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].
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.