The tarnished legacy of Markus Jooste

In an unexpected turn of events, attempts by South African authorities to hold former Steinhoff boss Markus Jooste to account, have been dealt a blow. Ahead of his planned arrest today, the alleged mastermind behind South Africa’s biggest corporate scandal, threw the case into tailspin by taking his own life with a gun. His untimely death raises questions of where the sword of accountability will lie for investors and pensioners that lost billions from the collapse of Steinhoff International – once one of the largest retailers in Africa. CNBC Africa reflects on the complexity of Jooste’s legacy in this report.
Fri, 22 Mar 2024 15:46:50 GMT