Christo Wiese likely to be caught up in the liquidation of Jooste’s Mayfair Speculators
Absa’s liquidation of the company is likely to see his friend take a R200m fall, reports Moneyweb
11 January 2018 - 09:42
Absa’s liquidation of Markus Jooste’s company Mayfair Speculators is likely to see his friend Christo Wiese take a R200m fall, Moneyweb reported on Thursday. Court papers filed by Absa said the bank was made aware on December 8 that Jooste had left Mayfair insolvent with R1bn in liabilities against R350m assets by transferring other assets valued at R1.5bn out of the company.
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