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Markus Jooste fined R15m, banned from directorships at listed companies for 20 years

The JSE has censured former Steinhoff CEO Markus Jooste for cooking the books to deliberately mislead the market.
Source: Reuters/Siphiwe Sibeko
Source: Reuters/Siphiwe Sibeko

Jooste has been hit with two R7.5m fines and barred from holding office in publicly traded companies for 20 years. He is appealing the fines.

In a Stock Exchange News Services release on Tuesday, the JSE announced the Financial Services Tribunal had dismissed Jooste’s suspension application, but the fine appeals are to go ahead.

Continue reading the full article on Daily Maverick.


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