Steinheist book Rob Rose Markus Jooste died death shot Steinhoff South African true crime

Steinheist paperback book by Rob Rose, Markus Jooste, Steinhoff and SA's Biggest corporate fraud 312 pages the book is practically new . true South African crime

About this book:

The Steinhoff crash wiped billions off the JSE, the net worth of tycoon Christo Wiese and off the pension funds of ordinary South Africans. When the firm was exposed as a house of cards, shock waves reverberated around the world as tales of fraudulent accounting, fast living, race horses, a mistress and the Stellenbosch mafia hit the headlines. A s investors and regulators count the costs, Rob Rose gets to the bottom of SA's biggest corporate fraud.

When it was exposed as a house of cards, tales of fraudulent accounting, lavish spending and ructions in the Stellenbosch mafia made the headlines. As regulators tally up the cost, Financial Mail editor Rob Rose reveals the real inside story behind Steinhoff. Based on interviews with key players in South Africa, the UK, Germany and the Netherlands and documents not yet public Steinheist reveals:

How Bruno Steinhoff formed the company in the Communist bloc and apartheid South Africa;

How the Markus myth grew thanks to a bit of luck in a 1998 takeover;

How Jooste insiders shifted nasty liabilities off Steinhoffs balance sheet to present a false picture of the profits;

How Wiese was lucky to lose only R59bn and; and

What happened behind closed boardroom doors in the frantic week before Jooste resigned.

Jooste died by suicide on 21 March 2024 near his home in Hermanus. The suicide occured a day before he was to hand himself over to law enforcement