Subscribe & Follow
Trending
Advertise your job vacancies
Jobs
- Financial Manager Pretoria North
- Senior Accountant Brackenfell
- Bookkeeper Stellenbosch
- Accounts Assistant - Sectional Title Management Johannesburg North
- Audit Supervisor Randburg
- Bookkeeper Cape Town
- Accountant Johannesburg North
- Professional Accountant Randburg
- Senior Accountant George
- Senior Accountant George
Markus Jooste must pay R15m immediately for Steinhoff implosion, JSE demands
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
Related
JSE outshines market indices with stellar 2024 performance 3 Mar 2025 After 36 years, Sasfin exits JSE 2 Jan 2025 Sasfin: Defeated after the scandal on the rot in its foreign exchange business 20 Dec 2024 SCA applies dominant purpose test against Steinhoff 'litigation privilege' argument 13 Dec 2024 Prescient expands ETF offerings on JSE 5 Dec 2024 JSE welcomes new era with EasyETFs' AMETFs 28 Nov 2024
