South Africa News

Ex-Steinhoff chief Markus Jooste dies of gunshot wound

The former head of the retail group that was at the centre of a huge corporate fraud case in South Africa has died, a day after he was ordered to pay $25m (£20m) as a fine.

Police said Markus Jooste succumbed to a gunshot wound after he allegedly shot himself on Thursday outside his home.

“The circumstances surrounding his death are being investigated,” police spokesperson André Traut told local media.

The country’s financial regulator said Jooste had played a role in the publishing of misleading financial statements about Steinhoff International Holdings.

The retailer has suffered heavy losses, as have investors in South African pension funds, since an accounting scandal broke in 2017.

Prior to that, Jooste had acquired billions of dollars’ worth of high street retailers across Europe (including the UK-based Poundland).

He had also been fined for insider trading in 2020.

 

Source: bbc.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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