Subscribe & Follow

Advertise your job vacancies

Jobs

Accountant Wilderness
Accountant Johannesburg North
Property Management Accountant Oudtshoorn
Tax Accounting Clerk George
Financial Manager Newcastle
Finance Manager Cape Town
Junior Accountants George
Senior Bookkeeper George
Admin/Bookkeeping Assistant Benoni
Senior Debtors/Creditors Clerk Babelegi

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

12 Oct 2023

The JSE has demanded that former Steinhoff chief executive officer Markus Jooste immediately pay two maximum fines each of R7.5m, totalling R15m, for breaching the stock exchange's listing requirements. In addition to the fines, Jooste is barred from being a director of any listed entity for 20 years.

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