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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