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