Keep up to date with every new upload!

Join free & follow BizNews.com
Old Firm: Steinhoff and Jooste - the racing certainties that weren't

Old Firm: Steinhoff and Jooste - the racing certainties that weren't

LONDON — The Old Firm of Alec Hogg and David Shapiro dig behind the scenes of the JSE's wealth destruction disaster, looking at the impact of the Steinhoff hero's spectacular fall. A month ago Markus Jooste was a billionaire whose massive string of thoroughbreds boasted an average of three winners a week on the racetrack. Today his horses are up for sale and he owes the banks a fortune. But much worse for Jooste, because of his actions his idol and mentor Christo Wiese has lost tens of billions of rand. Steinhoff is a story that will be studied by business scientists for years to come. And is the obvious subject for the first episode of 2018 where the Old Firm shares the back story to SA's biggest business news story of the moment. - Alec Hogg

Comments