On 5 December 2017 the Steinhoff group was still worth R199 billion. Twenty four hours
later more than R160 billion of this fortune was wiped out. The Steinhoff Empire which
took 20 years to build into an international business giant, had crumbled overnight.
Markus Jooste, Steinhoff’s flashy CEO, resigned via SMS and has since been fleeing
an avalanche of scandals and accusations: luxury homes for a blonde mistress,
allegations of fraud, racing horses and unparalleled extravagance, a lavish, black
Jaguar for an old university residence...
What exactly happened here? Who knew what? What is Steinhoff, who is Markus
Jooste and what does it all have to do with the so called Stellenbosch mafia? Where
does business tycoon Christo Wiese, Shoprite and Pepkor fit in and where is the
Well-known financial writer James-Brent Styan unpacks these and other questions in
this astounding tale of power and greed, of secrets and deceit, and ultimately the
biggest financial breakdown in the history of South Africa.
Through interviews with trustworthy sources, revelations from confidential documents
and in-depth research about Steinhoff’s history, Styan uncovers what the group doesn’t
want you to know.
Follow the Money: The story of Steinhoff, Markus Jooste and the Stellenbosch Boys is a
gripping financial thriller that will be told as cautionary tale or salacious scandal in both
boardrooms and living rooms for decades to come.
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