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South Africa former CEO of Steinhoff International, Markus Jooste, has died

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Former CEO of Steinhoff International, Markus Jooste, has died. He leaves his wife, Ingrid Jooste, a son and two daughters.

He died by suicide in Hermanus, in Cape Town, where he lived shot himself as he faced imminent arrest. He is the mastermind behind the Steinhoff scandal South Africa's largest corporate fraud.

South Africa's Financial Sector Conduct Authority fined Jooste 475 million rand ($25.2 million) for publishing false and misleading Steinhoff annual financial statements and annual reports for the 2014 to 2016 years and the 2017 half-year.

Now to make sense of all is Rob Rose, Editor of Financial Mail and Author of "The Grand Scam"....

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