Markus Jooste’s Properties Attached After SARB Wins Court Order

It’s not yet uhuru for businessman Markus Jooste. After years of trying to evade the hammer of the law, the hammer appeared to have crashed on his head with an order to attach his assets and those belonging to his Silveroak Trust.

But how did it get to this? Jooste was a former CEO of Steinhoff, a one-time behemoth that collapsed under his watch. Since the collapse, which has been described as one of the worst financial collapses in South Africa, attempts have been made to seize his assets and prosecute him. The attempts appear to be bearing fruit at this point.

The South African Reserve Bank has successfully applied for and got an order from the Western Cape High Court to attach assets belonging to the former CEO. Also attached were assets belonging to his Silver Oak Trust.

The victory doesn’t end there, as the court also granted forensic experts access to the former CEO’s gadgets to recover potentially deleted data.

The news of the legal success against the embattled former CEO has led to a semblance of jubilation on social media streets, with some tweeps claiming it is a piece of good news to those who lost so much with the Steinhoff collapse.

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