Markus Jooste, Date of Birth

Markus Jooste

businessperson

Date of Birth: 22-Jan-1961

Profession: businessperson, manager

Zodiac Sign: Aquarius

Markus Johannes Jooste (born 22 January 1961) is a South African businessman and the former CEO of Steinhoff International.
He is an avid horse breeder, and in 2016 was reported to be one of Africa's richest people, worth $400 million.
Joining forces with Christo Wiese in 2014, they embarked on an aggressive international expansion programme.
Jooste's sudden resignation from Steinhoff on 5 December 2017 was followed by an involved and protracted controversy concerning Steinhoff's accounting practices in its Central European business dating back to 2016, or even 2014.
The resulting uncertainty saw some €10 billion (R160 billion) of Steinhoff's value wiped off the markets in a matter of days, with further losses as the situation unfolded.
The ensuing 3000 page PwC investigation directly links Jooste and his CFO La Grange to the widespread fictitious transactions and accounting irregularities resulting in the Stellenbosch-headquartered company claiming R870m from Jooste and R272m from la Grange in a summons lodged at the high court in Cape Town.
This would include both salaries and bonuses.