Markus Jooste must pay R15m immediately for Steinhoff implosion, JSE demands

Source: Pexels

These sanctions were imposed by the JSE in January, and Jooste appealed at the Financial Services Tribunal for them to be overturned. The Financial Services Tribunal is an independent body that reviews decisions in the financial services sector.

But on Tuesday, 10 October, Jooste lost his appeal efforts, resulting in the JSE’s sanctions against him remaining in place and being immediately enforceable.

Read the full article by Ray Mahlaka at Daily Maverick