2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • They’re Trying To Ban Markus Jooste From Horse Races Now

    11 Dec 2017 by Sloane Hunter in Business, Lifestyle, Vibe
    Related Posts
    • Tidy Little Payout For Christo Wiese From Steinhoff
    • Tuesday Morning Spice
    • Wednesday Morning Spice
    • Carte Blanche Has The Latest On The Steinhoff Swindle [Video]
    • Whopping Payday For Steinhoff CEO Sure To Raise Eyebrows

    If you, as I, were largely unaware of Markus Jooste’s hobbies, then it might interest you to know that he is really into horse racing.

    Like, massive.

    Not only does he breed horses, but he is a “racing fanatic”.

    Shame, because now a South African labour group has asked the organisers of a Cape Town horse race to refuse entry to any of Jooste’s horses, reports Fin24.

    This comes after Jooste resigned as CEO of Steinhoff last week amidst the multinational company’s accounting scandal. Read all about that here.

    After discovering more than a few irregularities, Steinhoff’s share price crashed 85% since and, as a consequence, has “wiped billions of rand off the value of the pension funds of state workers”.

    And so the Public Servants Association, which manages South African government-worker pension funds and is the second-biggest shareholder in Steinhoff with a 10% stake, wants revenge:

    Jooste, 56, shouldn’t be able to enter January’s Sun Met race, which is among upcoming races which could earn him as much as R5m in prize money, the group said in a statement on Friday.

    “The PSA, as custodian of public servants’ pensions, cannot allow Jooste to continue making millions until an investigation into the irregularities has been completed,” the union said.

    Kind of makes you hate him all that much more.

    First his Hermanus house, then his Wikipedia, now his horse racing? Cannot wait to see what’s next to be taken from him.

    [source:fin24]

    • ← Monday Morning Spice
    • Mourinho Dressing Room Meltdown Results In Bottle, Milk And Water To The Head →
    • Tweet
    • Tags:
    • markus jooste
    • Steinhoff

    Latest News

    • Western Cape Classroom Descends Into Massive Brawl [Video]

      [imagesource: Twitter / @MARIUSBROODRYK] A Western Cape classroom exploded into pure ch...

    • Last Chance To Enter Women’s Day Competition For Unreal R6 000 Hamper

      [imagesource: Instagram / Fitch & Leedes] Whether it's men or women who are the tru...

    • The Moment Ashleigh Buhai Made SA Golfing History [Videos]

      [imagesource: David Cannon / Getty Images] South African golfers have long had a love a...

    • Another Hilarious Ad Featuring Springboks Airs During Test [Video]

      [imagesource: YouTube / MTN] Saturday's 26-10 win over the All Blacks at Mbombela Stadi...

    • Photos From That R16 Billion Development In Cape Town’s CBD

      [imagesource: BusinessTech] The Mother City is getting a new mixed-use development to t...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo