Meet Markus Jooste: Our in-depth interview with former Steinhoff CEO
Although he made obligatory media appearances after each set of Steinhoff’s financial results, Markus Jooste wasn’t one for interviews.
Although he made obligatory media appearances after each set of Steinhoff’s financial results, Markus Jooste wasn’t one for interviews.
Steinhoff plans to raise as much as $2.7 billion by selling shares to repay the money it borrowed for recent acquisitions.
In between his Stellenbosch home, the Amsterdam HQ and visiting offices worldwide, in London yesterday, Steinhoff CEO Markus Jooste squeezed in an hour to update Alec Hogg on proceedings.
Steinhoff made an unsolicited, $924 million bid for French electronics retailer Darty, seeking to break up Groupe Fnac SA’s agreement to buy the company.
Today’s market commentator, Gary Booysens of Vunani Private Clients, talks to us about – yes, of course, the oil price – but much more besides.
South African self-made billionaire Markus Jooste (53) has come a long way from his modest Highveld youth. In the past 18 years, the chartered accountant has grown Steinhoff International from a small furniture manufacturer into a R120-billion multinational challenger to global giant IKEA. He put another notch in his belt this week when concluding a $725m … Read more
It’s been a mixed day in the markets, with news coming from Moody’s regarding the potential of future negative reviews for South Africa in light of a violent metal workers strike affecting trade. The subdued environment has been added to by American markets being closed due to 4th of July, Independence Day celebrations, despite the … Read more
Malcolm Gladwell is justly famous for taking ideas from researchers, social scientists, and psychologists, and working them into interesting, informative, and challenging books. In his latest book, he takes on the idea of the unequal battle, the struggles between Davids and Goliaths that we see happening all the time. He asks what is it that … Read more