Our fight is not with Sun Met, but against Markus Jooste - union

Cape Town - The Public Servants Association (PSA) said that it and the National Horseracing Authority would on Thursday announce a “joint action plan" against Markus Jooste at the upcoming Sun Met horse race.

The media briefing will be hosted by top officials from the PSA, the Federation of Unions of South Africa (Fedusa) and the NHRA. 

Jooste, who stepped down as the CEO of international furniture retailer Steinhoff amid an accounting scandal in early December, is a noted horse racing owner and enthusiast

The PSA had previously called for a boycott of the event, one of the most important dates on the SA horse racing calendar. 

PSA spokesperson Tahir Maepa told Fin24 on Wednesday afternoon that while a protest was still set to take place at the race, it would be a broad “solidarity protest” against Jooste, and not against the NHRA or the race itself. 

“Our fight is not against the Sun Met or the National Horseracing Authority, but against Jooste,” he said.

Further details would be announced on Thursday.

The race is set to take place on Saturday in Cape Town at the Kenilworth Racecourse. 

Investigations 

The PSA said it would also on Thursday release the preliminary findings of its investigation into Steinhoff. 

This after Steinhoff, which is headquartered in Stellenbosch, last week allowed Fedusa and the PSA to access financial documents dating as far back as 2002.

“The PSA obtained financial and administrative information in support of planned civil and criminal charges the union intends launching against the Steinhoff’s directors and prescribed officials owing to pension investment losses suffered by PSA members following Steinhoff’s collapse,” the association said in a statement on Wednesday.

The NHRA, in a separate media release, said it was “currently in discussions with the PSA with regards to the Sun Met and Mr Markus Jooste’s participation”.

“Further announcements will be made after the discussions with the PSA have been concluded,” it said. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

ZAR/USD
16.33
(-0.06)
ZAR/GBP
21.08
(-0.04)
ZAR/EUR
19.33
(-0.03)
ZAR/AUD
11.90
(-0.03)
ZAR/JPY
0.16
(-1.15)
Gold
1949.72
(+0.03)
Silver
26.74
(+0.09)
Platinum
928.80
(+0.44)
Brent Crude
43.52
(-0.32)
Palladium
2356.01
(+0.63)
All Share
54673.65
(-0.66)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1299 votes
It depends on how the funds are used.
73% - 8622 votes
No. We should have gotten the loan elsewhere.
16% - 1898 votes
Vote