EXCLUSIVE | Leaked Steinhoff letter shows how key directors backed Jooste,


Former chief executive of Steinhoff, Markus Jooste.

Former chief executive of Steinhoff, Markus Jooste.

Two of the most important members of Steinhoff’s board – former chair Len Konar and the former head of the audit and risk committee, Steve Booysen –  appear to back former CEO Marcus Jooste and his strategic ventures with the suspect Talgarth Group to the hilt in a letter less than two months before Jooste resigned.

The explosive letter, a copy of which Fin24 has obtained, poses fresh questions about the role and oversight of Steinhoff’s directors in one of the biggest frauds in South African corporate history. This is the first time the letter, that may open up a defence for Jooste, has publicly surfaced. 

Steinhoff’s relationship with Talgarth, a shadowy entity registered in the tax haven of the British Virgin Islands, has taken centre stage in probes into the multibillion-rand accounting fraud that inflated Steinhoff’s assets, making it appear more profitable than it was.

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