SA Money Daily | Welcome to Steinhoffgrad: Markus Jooste digs in to fight R15 million JSE fine

Medium-term budget: Focus on cost cutting as state spending surges

View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF, BUSINESS DEPUTY EDITOR Welcome to Steinhoffgrad: Markus Jooste digs in to fight R15 million JSE fine Former Steinhoff boss Markus Jooste is continuing to fight efforts by the Johannesburg Stock Exchange (JSE) to fine him for his role in SA's largest accounting scandal.    Jooste has still not paid the R15 million fine the JSE imposed on him in January for releasing false and misleading financial statements and creating a sham R376 million invoice.    The former Steinhoff CEO, who lost his initial appeal against the fine last month, now wants to take the matter on review to a new court.    As Jooste digs in for a long legal battle against the JSE, the clock is running down on two criminal charges he faces in Germany. Read More Medium-term budget: Focus on cost cutting as state spending surges SA government spending has hit more than R1 trillion so far this year. Controversial Tshwane IT contractor – once linked to VBS kingpin – faces scrutiny Brilliant Telecommunications has lost another key legal bid to keep details about why it was awarded a R585 million City of Tshwane contract under wraps. The company's apparent connections to VBS Mutual Bank may also raise questions. Eskom reports its biggest financial loss yet Eskom has had its worst year yet: biggest financial loss, most days lost to load shedding, and worst plant performance. BHI: Court steps in as desperate Joburg investors wait for news BHI trustee Craig Warriner, a former chairperson of the Old Boys Association of St Stithians College in Johannesburg, reportedly handed himself over to the police. 'Gold syndicate.' Sasfin's earnings marred by restatements and possible Reserve Bank sanctions Sasfin Holdings has finally published its 2023 audited financial results after several delays that almost saw its shares suspended by the JSE, though it has warned it may face regulatory sanctions over alleged criminality by former staff members. SA-born rand manipulator may now be jailed - a cautionary tale for other traders The verdict against Neil Phillips will likely serve as a caution to other traders making outsized bets in narrow markets. DOWNLOAD THE NEWS24 APP CONNECT WITH US

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