Steinhoff: Jooste’s king’s ransom
Is Malcolm King the bagman who collected the proceeds of Markus Jooste’s long list of shady corporate activities?
Since the departure of former CEO Markus Jooste from Steinhoff in early December drew attention to SA’s biggest fraud, a man who seems more elusive than a unicorn has darted in and out of the saga in various roles. He is Malcolm King, who has interacted closely with Steinhoff and Jooste for 15 years, according to information unearthed by the FM.
The relationship began with the fortuitous appearance of a company controlled by King on the share register of retailer Freedom Group, shortly before Steinhoff facilitated a management buyout of it in 2003...