Steinhoff, three years on: What has happened to Markus Jooste?

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Markus Jooste.
Markus Jooste.
Photo Illustration by Fin24. Photo by Jaco Marais.

In early December 2017, the abrupt resignation of Markus Jooste, the CEO of Stellenbosch-headquartered global furniture and household goods company Steinhoff, took the market by complete surprise.

Within two days, the group's share price had plunged by 80%. Six months later, its shares were down 95%, cutting around R200 billion from the conglomerate's market capitalisation.

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