FSCA

Former Steinhoff International Chief Executive Markus Jooste has died at the age of 63, the Financial Times reported on Thursday. Jooste, who was at one point heavily involved on the worldwide racing scene through his Mayfair Speculators, died of an apparent self-inflicted gunshot wound, the FT reported. He was fined R475 million (£19,937,078/€23,234,382/$25,229,382) for accounting fraud--due on or before Apr. 19--by South Africa's Financial Sector Conduct Authority (FSCA) on Wednesday, Reuters reported. The regulator found that Jooste had published "false or misleading financial statements" following an investigation into the matter....