Hefty fine for Markus Jooste on the horizon as JSE bars him
Former Steinhoff CEO is potentially facing a multi-million rand fine after listing violations and phony statements.
Former Steinhoff CEO is potentially facing a multi-million rand fine after listing violations and phony statements.
Steinhoff was given a record R53m fine by South Africa’s financial regulator for failing to properly disclose accounting problems to shareholders.
Much has been written and said about diversifying one’s investment portfolio. One of those options is investing offshore to access international assets and as a hedge against rand-denominated and South African political risk.
The essayist Michel Montaigne once said that, “we ought to find out not who understands most but who understands best”.
Allan Greenblo looks at the leadership concerns around the ‘Twin Peaks’ regulatory model, and who really is listening to who as the lines of responsibility are blurred.