DURBAN – Absa Bank has applied for the liquidation of Mayfair Speculators, a company belonging to former Steinhoff CEO, Markus Jooste.
The company, until this week, owned South Africa’s best racehorse and hundreds of other racehorses as well as a property portfolio and a portion of Steinhoff shares.
Racing is Jooste’s passion and he was a regular at racing sales. In September, Mayfield (in different partnerships) acquired nine yearlings at the yearly yearling sale in County Kildare in Ireland for a collective amount of 2.3 million
Absa has demanded a probe into a dubious transaction that saw Mayfair transfer R1,5 billion of assets to its holding company in August this past year.
This transfer took place just months before serious financia…