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.
