Former head of collapsed Steinhoff trading group was ordered to pay a fine of around 23 million euros. Now Markus Jooste has died in South Africa.
The 63-year-old died with a gunshot wound to the head shortly after being taken to a hospital in the coastal town of Hermanus. The state television broadcaster SABC reported that it was suicide. The South African public prosecutor's office accuses the former CEO of inciting billions of dollars in balance sheet manipulation. Before its collapse, Steinhoff International Holdings was considered one of the largest retailers in the world.