Steinhoff | 'The R475m fine is a major step to hold Jooste accountable' - FSCA

JOHANNESBURG - The fallout continues after one of South Africa’s biggest corporate scandals.

The Financial Sector Conduct Authority has fined former Steinhoff CEO Markus Jooste  475 million rand for publishing of false and misleading financial statements.

READ: FSA slaps Markus Jooste with R475 million fine

The company suffered hefty losses after claims of accounting irregularities emerged. 

FSCA Commissioner Kamlana explains what they found in their investigation.