JSE bans Leoka for PHD claim, industry welcomes decision - SABC News - Breaking news, special reports,

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Leoka Nouvelles

JSE

JSE fines Leoka for PHD claim, industry welcomes decision

The Johannesburg Stock Exchange’s decision to fine and ban Thabi Leoka, former director of several listed companies, has been welcomed.

In a statement, the JSE says the penalty will include Leoka’s immediate disqualification from holding any office or directorship of a company listed on the JSE for five years. The JSE’s decision to fine and ban Leoka is welcomed by many as this warns others against dishonesty. Leoka served as a non-executive director of companies including Remgro, Anglo American and Netcare. She also held high-profile advisory positions with President Cyril Ramaphosa and former Finance Minister, Nhlanhla Nene.

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