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Jooste’s unexpected demise as a result of white-collar crimes is nothing new in South Africa.
In the years before Steinhoff went kaput, Jooste developed a ‘near-mythical reputation of a seminal businessman with the Midas touch’.
Both Europe and South Africa have unleashed criminal investigations into his shenanigans at Steinhoff, which resulted in a share-price collapse.
In a rather embarrassing and costly legal faux pas, Odendaal’s legal action against the SA Reserve Bank (SARB) has backfired spectacularly.
As a result of a court case heard at the Western Cape High Court, which is now in arbitration, we know that Odendaal claims her monthly expenses total roughly R200 000.
Since everyone is talking about Markus Jooste, the disgraced Steinhoff CEO, the name of his alleged mistress has also been popping up all over the show.
Wiese said he was pleasantly surprised to see the SA Reserve Bank take initiative, finally attaching the former Steinhof CEO’s assets worth billions of rands.
Christo Wiese and Markus Jooste are never going to share a friendly beer again and the former has some choice words for his one-time protégé.
Made by Idea Candy, the producers of ‘Devilsdorp’, you can bet that Jooste and others will be tuning in to watch the three-part docuseries.
Mention the word ‘Steinhoff’ and most of us think of former CEO Markus Jooste. The company’s former CFO isn’t without wrongdoing, either.
News broke this week that Steinhoff’s former chairperson received his payout as part of the Steinhoff settlement.
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As far as Steinhoff goes, its reputation will forever be tainted. There are currently multiple legal battles underway, including one aimed at liquidating the company.
Steinhoff’s recently released annual report shows that CEO Louis du Preez is pulling in some serious cash.
Disgraced former Steinhoff CEO Markus Jooste could be about to face his first criminal charge, with a lengthy investigation now completed.
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It’s a far, far cry from what Steinhoff shares were trading at back in 2017, before the great unravelling, but this week did see a spike in the company’s share price.
It’s been a long time coming, but it was announced earlier today that Markus Jooste, the disgraced former Steinhoff CEO, has been hit where it hurts.
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It’s never a good look when it emerges that you’ve been driving around in car gifted to you by Markus Jooste.
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On December 6, 2017, as Steinhoff shares plummeted and the world realised the business had been up to no good, Markus Jooste was rather apologetic.
Steinhoff is set to make corporate history again with their latest legal attack on Markus Jooste and Ben la Grange.
The case of Tongaat Hulett, like Steinhoff, shows that the bigger they are, the harder they fall.
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‘Steinheist’, penned by Rob Rose, tells a tale of corporate greed and criminality on a quite epic scale. The Daily Maverick has a spicy chapter for us to read.
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