Ann Crotty Writer-at-large

Lawyers for former Steinhoff CEO Markus Jooste urged the Cape Town high court to disregard public perceptions around their client and deal with him as if he were an unknown in the first court action that directly implicates him in SA’s biggest corporate scandal.

Steinhoff stock collapsed in December 2017 after the multinational retailer straddling four continents revealed what later turned out to be a multibillion-rand accounting fraud that destroyed R200bn of shareholder value and left it scrambling for working capital.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.