In its report, the FSCA concluded that Jooste had contributed to the publication of misleading or deceptive financial statements about Steinhoff. The multinational furniture retail giant was rocked by South Africa's biggest accounting scandal in 2017, with audit firm Deloitte confirming the accounting irregularities. The accounting fraud at Steinhoff, which included misrepresentation of its financial status, resulted in severe losses for South African investors. "The investigation found that Jooste and Dirk Schreiber made or published false, misleading, or deceptive statements about Steinhoff International Holdings Limited and Steinhoff International Holdings NV, which they knew or ought reasonably to have known were false, misleading, or deceptive. Such publication included the omission of material facts," the FSCA said on Wednesday.