What Financial Mail readers are saying about our stories. The fall of a Stellenbosch don: inside Steinhoff’s house of cards. The Steinhoff group will be broken up, and the very rich investors will buy the subsidiaries for peanuts through multiple corporations. If you trace the companies who will be buying these subsidiaries, you will find the same majority shareholders as Steinhoff, repurchasing it at a significantly lower price. All the billions lost by fund managers and the Public Investment Corp are down the tubes and these shareholders will get to keep their companies. Clinton van Heerden Why is this only about Markus Jooste and not about the chairman and the board? Is he the fall guy? Craig Hutton Jooste was not the only bad guy in this story. They all knew. Werner Greef Jooste has messed up Stellenbosch for good. All the big-wigs there are running for the hills — there is too much attention. Barry Judd
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.