Rian du Plessis – Still Close To Markus Jooste

Former Phumelela CEO explains what could be next

Former Phumelela CEO Rian du Plessis says he remains close to ostracised former Steinhoff CEO Markus Jooste.

Du Plessis is well known in SA business circles, as a former executive at RMB, and CEO of two JSE-listed groups in Comparex and Phumelela.

Du Plessis also serves as one of two external trustees on the Jooste family trust Silveroaks, in which capacity he was named in the Anton Pillar court order requested by and granted to the SA Reserve Bank, resulting in this week’s raid on Jooste’s assets.

Phumelela CEO Rian du Plessis

Former Phumelela CEO Rian du Plessis

He explains to Alec Hogg of BizNews why the SARB’s raid was such a surprise, what the attachment of Jooste-owned properties, motor vehicles, art, furniture and Mrs J’s jewellery actually means – and what comes next. Du Plessis also shares his perspective after watching the Steinheist mini-series, currently airing on Showmax.

Thanks to Biznews – watch the Du Plessis interview:

Former multiple SA champion owner Markus Jooste has endured one of his worst weeks since the Steinhoff implosion in December 2017 rocked the horseracing industry and the world at large.

Have you read the Sprint? 

The one-time flamboyant onwner and breeder has had certain assets held or linked to him frozen by the SA Reserve Bank.

These include a wine farm in Stellenbosch and a property in the coastal town of Hermanus where the 61-year-old is understood to have been living, according to the papers filed at the High Court in Cape Town. Various other assets are also included.

The move represents a potential advance in the painstaking process of bringing charges against Jooste, who numerous legal authorities, regulatory probes and lawsuits have pointed to as the architect of the accounting scandal that engulfed retailer Steinhoff in late 2017.

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