STEINHOFF
Markus Jooste barred from boardrooms for 20 years
Former Steinhoff CEO implicated in the country’s biggest fraud could also face fines of R7.5m
10 January 2023 - 18:20
UPDATED 10 January 2023 - 23:00
The JSE has barred former Steinhoff CEO Markus Jooste from holding the post of director at any company for 20 years and he faces two fines of R7.5m, the maximum possible.
The local bourse announced the decision on Tuesday after Financial Services Tribunal judge Louis Harms dismissed Jooste’s appeal against the censure. Harms upheld only Jooste’s appeal against the fines, which will be argued at a later date...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.