Steinhoff International Holdings NV former Chief Financial Officer Ben la Grange has been fined 2 million rand ($119,000) by South Africa’s main stock exchange for violating listing rules -- almost five years after the company’s near collapse.
Johannesburg’s stock exchange, in its first censure of any director at scandal-hit Steinhoff, also barred La Grange from holding an office in a listed company for 10 years, according to a statement Friday. Steinhoff lost 98% of its market value after auditors refused to sign off on financial statements in December 2017.
Forensic investigators from PwC later confirmed that 6.5 billion euros ...
