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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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The news: 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. 

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

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

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