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Wiese on Jooste fine: 'At last, something is beginning to happen'

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Christo Wiese.
Christo Wiese.
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News that former Steinhoff chief executive Markus Jooste is to be fined for insider trading, ahead of the share price fallout of the JSE-listed retailer back in 2017, is a sign that some form of consequence management is taking place. 

"After three years, at last, something is beginning to happen," former board chairperson Christo Wiese told Fin24 by phone on Friday. 

Wiese's company, Titan Group, which held Steinhoff shares, is one of many shareholders in South Africa and Europe suing the retailer. Steinhoff is looking to settle 90 claims against it.

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