S.African stock exchange fines Steinhoff for breaching listing requirements

(Reuters) – The Johannesburg Stock Exchange said on Tuesday it would fine scandal-hit Steinhoff International 13.5 million rand ($818,098) for breaching listing requirements, including by publishing false and misleading information.

“The accuracy and reliability of financial information published by companies are of critical importance in ensuring a fair, efficient and transparent market,” the JSE said in a statement.