The matter was referred to the tribunal for reconsideration after the FSCA imposed an administrative penalty of R161.568,068 on Jooste for breaches of section 78(4)(a) and section 78(5) of the FMA regarding share transactions in Steinhoff during November and December 2017 after it found in an investigation Jooste was privy to Steinhoff inside information on 30 November 2017, shortly before the much-publicised significant decrease in the market value of Steinhoff shares.