‘‘•–‡ ƒ ™ƒ–‡† ƒ

collapse five years ago over an accounting scandal. Steinhoff share prices plunged by over 90 per cent after revelations of accounting irregularities on December 5, 2017.

Alleged fraud at Steinhoff was revealed in December 2017 when auditors would not sign off on the company’s accounts. A month ago, assets worth more than R1.4 billion held by or linked to Jooste, 61, were frozen by the Reserve Bank.

These included Jooste’s home in Hermanus, the Lanzerac wine farm in Stellenbosch, art and jewellery. This related only to suspected exchange control contraventions rather than the wider alleged fraud involving R106 billion in ‘fictitious and/or irregular transactions’. provincial legislature in a province in which they are registered, they may only be a member of either the National Assembly or a provincial legislature and must have a prescribed declaration confirming the candidate has submitted names, identity numbers and signatures of voters who support his or her candidature.

“The Electoral Amendment Bill marks a significant milestone in the evolution of our democracy by expanding electoral participation and widening the pool of leadership choice for the National Assembly and provincial legislatures. The Bill presents a development that can only enrich and sustain our growing constitutional democracy.

“President Ramaphosa is satisfied the processes leading to the passing of the Bill followed all legislative procedures as envisaged by the Constitution and that the substance of the Bill will pass constitutional scrutiny,” said Presidency Spokesperson Vincent Magwenya.