Five years after the news broke of SA's biggest corporate scam, the South African Reserve Bank is going after disgraced former Steinhoff CEO Markus Jooste.
- The Daily Maverick reports that the South African Reserve Bank has started attaching all assets linked to Markus Jooste, disgraced ex-CEO of Steinhoff"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 millions of ordinary South Africans."
We know that the Reserve Bank has rocked up at Lanzerac, the wine farm in Stellenbosch... his house in Voëlklip, Hermanus...They're also attaching all assets linked to the Jooste family trust, Silver Oak Trust. In the first instance, the Reserve Bank is trying to all assets but in the second instance - and perhaps even more importantly - it wants all books, all documents that contain information that might be necessary for future investigations.The Reserve Bank is going by the book, but isn't it already too late as some of this evidence might have destroyed or tampered with?
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