Reserve Bank seizes assets of former Steinhoff CEO Markus Jooste - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Former Steinhof International CEO Markus Jooste.. This was after the Western Cape High Court granted the Reserve Bank an application to attach all assets linked to Jooste., estimated at R1.4 billion, include a house, wine farm and other possessions held in a trust. The matter is linked to a case of an alleged contravention of the exchange control regulations against Jooste.

Editor of Financial Mail, Rob Rose explains, “It would seem at this stage that it’s about non-disclosure and incorrect disclosure of foreign exchange matters. I wouldn’t think this involves the major essence of fraud charges that is in the domain of Europe and SA. PW investigators found that R106 billion in fictitious transactions in Steinhoff account for more than a decade.”

And nothing gets done with that Zuma thief and the rest of the corrupt ANC/Government

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PanSALB announces shortlist for the 2022 South African word of the year - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.ICYMI The Pan South African Language Board unveils SA Word of the Year the top five words include Phala Phala, load shedding, xenophobia, Inganekwane, and Gaslighting. PanSLAB Inganekwane !!! 😅🤣😂 😂🤣 😂
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