Boardroom Talk: Cutting through the headlines to understand the SARB’s sensational Jooste action

Yesterday I got to interview both external trustees in Silveroak, the Jooste family trust (Markus Jooste's son Michael is the other one). A recording of the chat with Gary Harlow of Unihold and Wildekrans fame is available by clicking here. The one with Rian du Plessis, formerly of RMB, Comparex and Phumelela will be posted later today.

Until having sight of the court papers, deciphering the facts by reporters who had, wasn't easy. The Anton Pillar order granted by the High Court to the SA Reserve Bank, and Tuesday's surprise raid of Casa Jooste (and Lanzerac wine estate) is a complex matter. Having listened to the trustees, however, it's clear this is only the start.

The Jooste-owned motor vehicles, art, furniture and Mrs J's jewellery have not been snatched by the authorities. Neither has the family been ejected from their home. Rather, the court order allowed investigators to mirror data on Jooste's hard drives, servers and other devices. And confirm existence of his moveable assets – which now cannot be sold.

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