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Almost two years after suspending Markus Jooste, the former CEO of Steinhoff, from its membership, the South African Institute of Chartered Accountants (Saica) has charged him with four separate counts of misconduct. These include a breach of his obligation to act with objectivity and integrity; behaving dishonourably and dishonestly and bringing the profession of accountancy into disrepute; non-compliance (or suspected non-compliance) with the Companies Act and the Financial Markets Act; and non-disclosure of accounting irregularities. Jooste has 21 days to respond to the charges. Once his response has been received, the Saica secretariat will review the response and table the matter for adjudication before the Professional Conduct Committee.

South africaSouth africanMarkus joosteFreeman nomvaloManoj singhFinancial sector conduct authorityAfrican institute of chartered accountants saicaNational prosecuting authorityFrankfurt stock exchangeSouth african instituteChartered accountantsCompanies actFinancial markets actProfessional conductMarch germanManager magazin