WATCH: Markus Jooste's Assets Worth Billions Attached by SA Reserve Bank

The South African Reserve Bank (SARB) is in the process of attaching billions of rands of assets of former Steinhoff CEO Markus Jooste, the alleged ringleader in a financial fraud that saw investors lose more than R200 billion and resulted in the 95% collapse of the share price in 2017. The assets to be attached included those of the Silver Oak Trust, art worth about R98.78m, financial assets worth R1.21bn, loans receivable of R131.12m, Jooste’s house in Voelklip, Hermanus, at least six luxury vehicles, jewellery and other art worth some R795 400, books, documents, electronic devices and passwords, and the Lanzerac Wine Estate in Stellenbosch. The financial collapse of Steinhoff saw thousands of local and foreign investors, ranging from small to major shareholders, losing their investments. In South Africa these had included the Government Employees’ Pension Fund (GEPF) and well-known businessman Christo Wiese.