Daily Insider: Gary Harlow explains how he got pulled into Jooste Media Frenzy

LATEST ON BIZNEWS RADIO (on iTunes): Ramaphosa accused of using SANDF helicopter as "ANC taxi" (Click here for Spotify).LATEST ON BIZNEWS.COM: .On the record: Markus Jooste's trustee opens up on SARB's R4.8bn asset raidThe BEE minefield Dis-Chem blundered intoFormer Mayor Dr Mpho Phalatse: 'Corrupt' ANC already back to old ways in Joburg, enabled by eight-seat turncoatsA growing trend of Covid-19 vaccination harm: Is the virus "breaking through"? Or is it being encouraged to enter?No hard cash or soft water – Gauteng's 'perfect storm'Ramaphosa accused of using SANDF helicopter as 'ANC taxi'Explore the surge in demand for industrial real estateIRR stirs the Dis-Chem potTelkom shares drop 25% as MTN walks awayNet closing on former Steinhoff CEO Markus Jooste – Hermanus mansion, wine farm, Bentley, wife's jewellery seized by SARBWorld-class Kokkie Kooyman of Denker Capital on 'greylisting' and the bank shares to buy now.NB: Getting this newsletter second hand? Click here for your own copy. It's free and takes under a minute..In the many years we've known each other I've never seen high-profile entrepreneur Gary Harlow in the state he was in when visiting the BizNews studio yesterday. Harlow, a chartered accountant who was ANC long before it became fashionable among white businessmen, is in the middle of a media frenzy around the freezing of Markus Jooste's billions. He agreed to offer his side of the story in a riveting interview. Click here to watch..The way Harlow tells it, two weeks after the Steinhoff collapse, the near-suicidal former Steinhoff CEO asked him to look after the Jooste family should anything befall him. So, Harlow agreed to become an unpaid trustee of Silveroak, the family trust, which for the past four years has been selling Jooste's assets to pay legal bills and feed the family..Last week the Western Cape High Court granted an order for the SA Reserve Bank to seize any asset linked to the former Steinhoff CEO. That triggered Tuesday morning's surprise raid on the Hermanus mansion where the Joostes live. Also, gave the SARB right to take control of the family trust of which Harlow and former Phumelela CEO Rian du Plessis are Trustees..The obvious question is why is SARB making the running in the case against Jooste – not the National Prosecuting Authority or the Hawks? For one thing, SA needs to do something fast to show it takes financial controls seriously or risk 'greylisting' next February. For another, proving someone broke exchange control regulations is much easier than unravelling complex financial structures. They got Al Capone on tax evasion, didn't they?.Gupta favoured property investment hub, Dubai, is cashing in on global slowdownUS stocks pricing recession more than any other assetRussia's top Ukraine commander sees invasion faltering in the south, but missile strikes take toll on UkraineGermans see affluence ahead – with insight from The Wall Street JournalNetflix stocks surge with return to growth, saying the worst of slowdown is overUK corporate bond selloff is one for the books – with insight from The Wall Street Journal.On the record: Markus Jooste's trustee opens up on SARB's R4.8bn asset raid.To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend's BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

Daily Insider: Gary Harlow explains how he got pulled into Jooste Media Frenzy

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