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FSCA fines Markus Jooste R475M for Steinhoff misconduct

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GUEST - Alex Pascoe, Departmental Head for Market Abuse at the FSCA

The Financial Sector Conduct Authority (FSCA) has today issued a penalty of R475 million to Mr Markus Jooste, following a thorough investigation. The investigation found that Mr Jooste and Mr Dirk Schreiber made or published false, misleading, or deceptive statements about Steinhoff International Holdings Limited and Steinhoff International Holdings NV, which they knew or ought reasonably to have known were false, misleading, or deceptive. Such publication included the omission of material facts

20 Mar 2024 4PM English South Africa Business News · Investing

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