Markus Jooste's R15 million prime property on sale

A lavishpiece of prime property leading to the ocean belonging to the former CEO of Steinhoff International, Markus Jooste, lays dormant in Hermanus.

Publisher of The Village News, De Waal Steyn, says since the news of Steinhoff finances broke, Jooste was never seen in Hermanus.

Jooste resigned as Steinhoff CEO earlier this year after allegations of financial irregularities at the multinational company emerged.

He says during the December holidays there was some graffiti left on the perimeter walls of one of his luxury homes in Voelklip with the words "thief" and "con artist".

Hermanus is known as a wealthy retirement town and a lot of residents were quite heavily invested in Steinhoff.

De Waal Steyn, Publisher of The Village News

This means a lot of people lost a lot of money in the process.

De Waal Steyn, Publisher of The Village News

According to Steyn, Jooste already spent R15 million buying the prime land next to the beach and it is now on the market.

To hear the rest of the interview, listen below:


This article first appeared on CapeTalk : Markus Jooste's R15 million prime property on sale


Recommended

by NEWSROOM AI
Read More
[LISTEN] Capitec shares nothing in common with Steinhoff: CEO

[LISTEN] Capitec shares nothing in common with Steinhoff: CEO

CEO of Capitec Gerrie Fourie says SA's banking system is regulated and the Reserve Bank is doing a good job to ensure compliance.

It came like a bolt out of the blue! – Christo Wiese (on the Steinhof crisis)

It came like a bolt out of the blue! – Christo Wiese (on the Steinhof crisis)

The Money Show’s Bruce Whitfield interviews EWN reporter Gaye Davis.

 Former Steinhoff CEO, Markus Jooste reported to the Hawks

Former Steinhoff CEO, Markus Jooste reported to the Hawks

Acting chairperson of the company’s supervisory board Heather Sonn briefed a meeting parliamentary committees on Wednesday.

Parliament to grill Steinhoff on Wednesday

Parliament to grill Steinhoff on Wednesday

The Money Show’s Bruce Whitfield interviews Parliament’s Standing Committee on Finance Chairperson Yunus Carrim.

[Explainer] Here’s what just happened to Capitec Bank…

[Explainer] Here’s what just happened to Capitec Bank…

The Money Show’s Bruce Whitfield interviews veteran stockbroker David Shapiro.

'Accounting irregularities for who? Fraud is what it is, Steinhoff!'

'Accounting irregularities for who? Fraud is what it is, Steinhoff!'

Financial Mail Deputy Editor Sikonathi Mantshantsha says the directors of Steinhoff need to come clean and call a spade a spade.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Bruce Whitfield interviews Gordon Institute of Business Science Dean (and marketing expert) Professor Nicola Kleyn.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Words you will hear today: Stein-aster

Words you will hear today: Stein-aster

A combo of Steinhoff and disaster after allegations of financial irregularities saw 62% wiped off the value of Steinhoff.

Popular articles
[LISTEN] Opinion: 'Thuma Mina dares not fail'

[LISTEN] Opinion: 'Thuma Mina dares not fail'

Breakfast Show host Bongani Bingwa says skeptics are right to question whether Ramaphosa will succeed in his mandate as president.

[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

'Fasting is one of the most powerful tools for healing'

'Fasting is one of the most powerful tools for healing'

Nutritional Scientist and Founder of Life Science Clinic Dr Charlotte Prout-Jones chats to Azania about the benefits of fasting.

What Heritage Day means to South Africans

What Heritage Day means to South Africans

Stephen Grootes discusses what Heritage Day means to South Africans and whether as south Africans do we have a common heritage.