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South Africa: Disgraced Steinhoff Boss Markus Jooste Reportedly Shoots Himself
Daily Maverick, 21 March 2024
Disgraced former chief executive of Steinhof Markus Jooste has reportedly shot himself just more than 24 hours after the Financial Sector Conduct Authority revealed that it was… Read more »
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South Africa: Disgraced, Departed - the Financial Sector Conduct Authority Case Against Markus Jooste
Daily Maverick, 22 March 2024
The Financial Sector Conduct Authority had fined Markus Jooste, the late former CEO of Steinhoff, R475m and intended to lay criminal charges against him for contravening sections… Read more »
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South Africa: Markus Jooste Must Pay R15 Million Immediately for Steinhoff Implosion, JSE Demands
Daily Maverick, 11 October 2023
The sanction against Jooste comes days before Steinhoff is set to be delisted from the JSE and Frankfurt Stock Exchange on Friday, 13 October. The ownership of Steinhoff will move… Read more »
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South Africa: Reserve Bank Freezes Billions in Steinhoff Accounts
Daily Maverick, 5 July 2023
The South African Reserve Bank froze the funds in five accounts linked to Steinhoff's local operations - said to hold a cumulative value of about R5.5bn. The Reserve Bank's… Read more »
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South Africa: Steinheist - the Inside Story Behind the Steinhoff Scandal
Daily Maverick, 21 March 2024
The Steinhoff crash wiped more than R200-billion off the Johannesburg Stock Exchange, erased more than half the wealth of tycoon Christo Wiese and knocked the pension funds of… Read more »
Former Steinhoff Boss Markus Jooste Dies by Suicide - Reports
The police are investigating the death of former Steinhoff boss Markus Jooste after reports that he had shot himself at his Hermanus property, reports Daily Maverick.
He was 63.
His death comes a day after he was ordered to pay R475-million to the Financial Sector Conduct Authority (FSCA) on or before Friday, April 19, 2024, - giving him a month to come up with the funds.
Jooste stepped down in late 2017, sparking a crisis that almost destroyed the company. Billions of dollars in investments, including pension funds, vanished as investors discovered the company's finances were misleading.
InFocus
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South African Markus Jooste is the former chief executive officer at Steinhoff a firm that lost billions of U.S. dollars when a closer inspection of its financials revealed that ... Read more »
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The former Steinhoff CEO Markus Jooste did not attend the opening of his criminal trial in Germany on Tuesday, April 18, 2023. His legal team claims that he had passport problems ... Read more »
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The Reserve Bank on October 18, 2022 swooped on properties belonging to disgraced former CEO of Steinhoff, Markus Jooste, Read more »
AI-generated image of Markus Jooste, former Steinhoff CEO.
