PREMIUM: Old Firm: Steinhoff and Jooste – the racing certainties that weren’t

LONDON — The Old Firm of Alec Hogg and David Shapiro dig behind the scenes of the JSE's wealth destruction disaster, looking at the impact of the Steinhoff hero's spectacular fall. A month ago Markus Jooste was a billionaire whose massive string of thoroughbreds boasted an average of three winners a week on the racetrack. Today his horses are up for sale and he owes the banks a fortune. But much worse for Jooste, because of his actions his idol and mentor Christo Wiese has lost tens of billions of rand. Steinhoff is a story that will be studied by business scientists for years to come. And is the obvious subject for the first episode of 2018 where the Old Firm shares the back story to SA's biggest business news story of the moment. – Alec Hogg

Well, in April 1997 David Shapiro was the very first guest on South Africa's very first Nike Business Radio. We called it the SAFM Market Update and for the next 15 years, although our radio station host changed, David remained my regular guest, market watcher, co-host on that show which was South Africa's leading business show for well, a decade and a half. During this time we became close friends and we build what I believe is a wonderful rapport and last year we resuscitated this on-air relationship with a regular podcast that we call the Old Firm. It was so-named to reflect our long history. In it, we focus on giving you the backstory to the major news of the moment, welcome to Episode 1 of 2018.

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