#SHSI Episode 20 - HOW MARKUS JOOSTE BROUGHT DOWN STEINHOFF & LOST R250 BILLION+ !

On Wednesday, 20 March 2024, one of the biggest individual corporate fines in SA history was handed out to Markus Johannes Jooste, R475 million—nearly half a billion. Markus had been trying as hard as he could to keep a low profile since the 2017 spectacular collapse of the company he ran, Steinhoff.So the story goes that, on the day after the fine was handed out, 63 year old Markus waited for his wife to go out to play a round of golf. He then made his way to nearby a cliff path that was close to his magnificently lavish home in Hermanus — in fact that same home had walls that had been vandalized multiple times with graffiti , emblazoned with words like “fraudster," “con artist,” and "psychopath" ." This day the 21st March 2024, was the last day that the former CEO of Steinhoff and mastermind of South Africa’s greatest corporate scam met his end by his own hand… Steinhoff’s destruction caused by Markus and his motley crew now stands at an estimated R250 billion, $13 billion. That how much money was lost from his alleged criminality.Now, as a decent enough consumer of south African conspiracy theories I must mention that some people believe that he never actually died and that he’s hiding on some tropical island... with Gavin atson... But I’d rather stick to facts and not so much braai time stories for now... Unless someone has evidence that they can email me...But honestly, what I think makes people feel like his death is highly suspicious is that it came the day after the Financial Sector Conduct Authority (FSCA) issued a ruling confirming this and fining him R475 million, and the day before that, he had been instructed to hand himself over to the Hawks...So the pressure had been mounting...