Markus Jooste's death at this moment, when South African authorities have finally issued an arrest warrant against him, will come as a disappointment to those who have seen their own lives, families and livelihoods destroyed by the corporate collapse of Steinhoff, writes Markus Jooste, who died on Thursday, aged 63, was a self-made billionaire who worked himself up from nothing.
By all accounts, he was a brilliant man, with his roots in Pretoria, where he worked at the Receiver of Revenue for years. He became the financial director at a small furniture factory in Ga-Rankuwa, called Gomma-Gomma. This was where his path crossed with that of a German retailer, called Bruno Steinhoff, a man who had come to South Africa post-1994 to invest in a country in which he saw tremendous potential.South Africans need to be in the know if we want to create a prosperous future.
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South Africa: Steinhoff Mastermind Markus Jooste Reportedly Commits Suicide Shortly After R475m FineAnalysis - Disgraced former chief executive of Steinhof Markus Jooste has reportedly shot himself just more than 24 hours after the Financial Sector Conduct Authority revealed that it was fining him a whopping R475-million and that it planned to pursue a criminal case.
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