The Financial Services Tribunal (FST) has upheld the Johannesburg Stock Exchange (JSE) decision to impose a public censure and R15 million penalty against disgraced former Steinhoff CEO Markus Jooste for his failure to adhere to the bourse's listing requirements. This latest decision deals yet another blow to Jooste, who faces several legal battles relating to his role in the accounting fraud uncovered at the South African firm. Listen/read: The cupboard is bare for Steinhoff shareholders Jooste, in December last year, approached the tribunal to appeal the JSE's decision to impose the penalty and bar him from being a director of a publicly traded company for two decades. Both appeals were dismissed, with the FST validating the JSE's choice of action against Jooste. The JSE fined Jooste R7.5 million for Steinhoff's publication of incorrect and misleading financial statements and another R7.5 million for Jooste's breaches of the JSE's listing requirements.