Markus Jooste’s ‘lover’ Berdine Odendaal loses bid to appeal blocking of suspected ill-gotten gains

Illustrative image | Markus Jooste, former CEO of Steinhoff. | Polo-playing socialite Berdine Odendaal. | The Steinhoff International Holdings headquarters in Stellenbosch. | pngtree | Gallo Images)

The remaining R8,000 was “the only remaining tranche in these blocked funds under the control of the respondent, representing the last portion of these ringfenced funds. This, then, is what this application for leave to appeal was about”. The previous month, April, the SARB’s financial surveillance department had attached Odendaal’s assets, totalling about R25-million, including a house in Pretoria, properties in Val de Vie, Paarl, a stand at the Mabalingwe Nature Reserve in Limpopo and two cars.

The SARB would have been “hard pressed to stop the monthly payments to the applicant in the face of a declaratory remedy”.money through litigation. This, in the context where the applicant is not subjected to poverty.”Wille handed down the original judgment in July 2023 on Odendaal’s first bid to have her legal costs paid for over and above the R150,000 monthly income she received.

The bank was, therefore, legally entitled to halt monthly payouts of R150,000 to Odendaal. In future, the SARB would only consider the release of any funds to her “for reasonable expenses” after the presentation of “sufficient proof that the alleged expense had been incurred, and that it is an expense that justifies the release of funds”.

“Significantly, R80,000.00 of this amount was related to the upkeep of the applicant’s horses,” the bank noted in court papers. “More requests followed for the payment of insurance costs and the repayment of R100,000.00 regarding specific occupational interest that was inadvertently deposited into the applicant’s blocked Nedbank account,” court papers revealed.

Source: Law Daily Report (lawdailyreport.net)

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