On the morning of Tuesday 5 December 2017 the Steinhoff group was worth R193 billion. Twenty-four hours later, more than R117 billion of its market value had been wiped out. The Steinhoff empire, built up over 50 years into an international business giant, had crumbled overnight.
Markus Jooste, Steinhoff’s flashy CEO, resigned and has since dodged an avalanche of accusations and scandal involving luxury homes for a blonde mistress, racehorses, allegations of fraud and a life of extravagance.
What exactly happened? What is Steinhoff, who is Markus Jooste and how does it all tie in with the so-called “Stellenbosch mafia”? Where do business tycoon Christo Wiese, Shoprite and Pepkor fit in, and where is the pensioners’ money? Well-known author James-Brent Styan answers these and other questions in an astounding tale of power and greed, of secrets and deceit, and, ultimately, of the biggest financial collapse in South African history.
Through interviews with trusted sources, revelations from confidential documents and in-depth research into Steinhoff’s history, Styan uncovers the inner workings of this former corporate colossus.
Steinhoff: Inside SA’s Biggest Corporate Crash is the first definitive account of this epic business disaster – a horror story that will be told and retold in boardrooms and living rooms alike for decades to come.
STEINHOFF LAUNCH DATES AND VENUES:
23 July 2018
Cape Town Press Club, Cape Town
25 July 2018
Brooklyn Mall Exclusive Books
26 July 2018
Mall of Africa Bargain Books
1 August 2018
Willowbridge Mall Kaapstad.
2 August 2018