After zero to R130bn, Jooste’s Steinhoff fairy tal

After zero to R130bn, Jooste’s Steinhoff fairy tale now moving to a new level



It’s been my privilege to know Markus Jooste for some years. We met through a shared passion for thoroughbreds, and ended up spending time in each other’s company, including serving together on a couple of boards. Every few months I try to catch him for a cup of tea, always a highlight. Steinhoff’s CEO is super smart, great in a crisis, highly focused, deeply loyal and courageous. Attributes every investor seeks in his company’s CEO. But there are many others with similar attributes. What makes Jooste special is he is also very, very lucky. Whether that’s in the timing of business deals or in the purchasing of racehorses (his very first was a Champion – odds of about 20 000 to one) he enjoys a relationship with Lady Luck that no amount of money can buy. Then again, Jooste also works really hard. And as SA’s greatest golfer and fellow thoroughbred enthusiast Gary Player described himself, the harder he worked the luckier he became. – AH


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Him and Brian Joffe have excelled over the last decade or so. Their companies have seen amazing results.

Steinhoff's R63bn acquisition of Pepkor today ranks as the biggest transaction in South African corporate history.

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Great stuff, really have to admire this guy

To think we actually believed he was in racing for the money lol

not in your nelly