Former Steinhoff CEO Markus Jooste dies

Jooste allegedly killed himself after being fined for millions a day earlier.

March 21, 2024
Caxton Reporter Less than a minute
Image: Screenshot/YouTube.

Markus Jooste, former Steinhoff CEO, has died after he allegedly shot himself this afternoon.

News of his death comes a day after the Financial Sector Conduct Authority (FSCA) issued him with a penalty of R475m.

The FSCA said Jooste made or published false, misleading, or deceptive statements about Steinhoff International Holdings Limited and Steinhoff International Holdings NV.

The FSCA also said it plans to open a criminal case with the Hawks.

Moneyweb reported that the penalty was payable before April 19.

 

Read original story on www.citizen.co.za

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March 21, 2024
Caxton Reporter Less than a minute

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Jana Boshoff

Jana works as a senior support specialist for Caxton digital. Before that she was a journalist at the Middelburg Observer 15 years where she won numerous awards including Sanlam's Up and Coming Journalist, Caxton Multimedia Journalist of the Year, and several investigative awards. She is passionate about people and the stories untold.
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