Former Steinhoff CEO Markus Jooste has committed suicide, a day after the Financial Sector Conduct Authority (FSCA) handed him a R475 million fine.
Police said an inquest case docket had been registered following the death of a 63-year-old man. They did not name the deceased.
“It is alleged that the victim sustained a gunshot wound at around 1520 (local time) at Kwaaiwater and succumbed to death on his way to hospital,” Western Cape police spokesperson Colonel Andre Traut said in a statement, referring to a suburb of the coastal town of Hermanus near Cape Town.
Traut said police were investigating the circumstances, adding that no foul play was suspected.
South African broadcaster Newzroom Afrika has now cited sources who confirmed Jooste shot himself during an arrest. The Financial Times said Jooste died of a gunshot wound, according to people with knowledge of the matter.
Jooste, who was instrumental in transforming Steinhoff from a small Johannesburg furniture outfit…
Source: Linda Ikeji
