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SAICA announces charges of misconduct against Markus Jooste
The South African Institute of Chartered Accountants (SAICA) has announced that they will be undertaking disciplinary action against disgraced Steinhoff CEO, Markus Jooste. The keen horse breeder left Steinhoff just before the company was embroiled in a financial scandal. The alleged financial fraud that took place was not only investigated by South African authorities, but by forensic auditors at PwC – payed for by Steinhoff. Bloomberg reported that officials showed vert little progress in getting closer to the accounting irregularities within the company. Jooste himself was fined around R162 million by the FSCA for insider trading. The former CEO left many South Africans outraged, as he is yet to face the consequences for his alleged involvement in the inside-trader related events. Among those who lost money is Christo Wiese, who lost a considerable chunk of his vast fortune. However, Jooste may just have to face ....

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