File: Former Steinhoff of retail group CEO Markus Jooste.
JOHANNESBURG - Former Steinhoff CEO Markus Jooste died by suicide in Hermanus following a shocking turn of events on Thursday.
The Financial Sector Conduct Authority fined Jooste R475m for knowingly sharing false information to deceive investors and lenders.
READ: Steinhoff | 'The R475m fine is a major step to hold Jooste accountable' - FSCA
Independent analyst Khaya Sithole expressed his surprise at Jooste's death a day before he was scheduled to hand himself over to authorities.
At the same time, Editor and author, Rob Rose, says Jooste is taking a lot of information to his grave.
Watch below for more details from both commentators.