No horsing around as Jooste sells
The crumbling of Markus Jooste's Steinhoff empire was this week augmented by the undoing of his horse-racing stable following the sale of two prized horses. The sale was allegedly done privately at the instruction of Jooste, who has gone to ground. The horses were sold to his business associate and former Tekkie Town owner, Braam van Huyssteen, himself a racing mogul. Van Huyssteen sold Tekkie Town to Steinhoff in September last year. On Friday Van Huyssteen confirmed that he had purchased one of Jooste's horses, Legal Eagle, for R3.2-million. Jooste joined the industry in the 1990s with about 250 horses. He is the second-biggest horse-racing investor in Africa after Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai.