Markus Jooste penalised R20m by the FSCA
Down from the initial R161.5m administrative penalty the financial watchdog imposed in October 2020.
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Down from the initial R161.5m administrative penalty the financial watchdog imposed in October 2020.
The order to attach Jooste’s assets and those belonging to his Silveroak Trust comes after years of legal battles to have Jooste face the law.
The assets seized include Jooste's Lanzerac wine farm in Stellenbosch, his Hermanus property and other assets registered under his Silver Oak Trust valued at R1.2 billion.
Former Chief Executive Officer of Steinhoff Markus Jooste has had his assets attached by the South African Reserve Bank.
The Western Cape High Court earlier this month granted the reserve bank’s application to attach all assets linked to Jooste and raided his properties on Tuesday.