Latest news with #SeeffProperties
The South African
01-08-2025
- Business
- The South African
Markus Jooste's Hermanus home hits the market
A landmark property in Hermanus owned by the Rupert family and the late former Steinhoff CEO Markus Jooste has been listed for sale at a staggering R105 million – a figure expected to break sales records along the Whale Coast. Located in the prestigious Voëlklip area, the estate sits within one of Hermanus's most exclusive enclaves and boasts panoramic views of Walker Bay, famed globally for its whale-watching. The listing is being managed by Seeff Properties, which described it as a 'legacy property' and 'one of the most significant coastal residential holdings' in the region. According to Paul Kruger, licensee for Seeff Hermanus, the estate spans 7 000 square metres across a rare double plot – an offering that is 'virtually unheard of' in the high-demand Voëlklip suburb. The estate comprises a manor house with bespoke interiors and multiple additional residences, all styled in the elegant Cape vernacular tradition. 'This property offers unmatched space, privacy, and grandeur,' Kruger said, adding that its history imbues it with 'a rich heritage of understated elegance and a deep connection to Hermanus's pristine natural beauty.' The estate previously served as a holiday retreat for the Rupert family, one of South Africa's most influential business dynasties. However, Seeff confirmed that Markus Jooste, the disgraced former CEO of Steinhoff International, also held ownership. Jooste committed suicide in 2024, shortly after receiving a R475 million administrative penalty from South Africa's Financial Sector Conduct Authority (FSCA) in the wake of Steinhoff's corporate collapse due to financial misconduct. With its exceptional location, scale, and history, the property is expected to attract significant interest from high-net-worth buyers, both local and international. Its R105 million price tag positions it to set a new record for residential sales in Hermanus. 'This is not just a home – it's a piece of South African coastal heritage,' Kruger added. All images via Seeff Properties Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The South African
31-07-2025
- Business
- The South African
Paul Mashatile DENIES Constantia villa ownership: 'What is the problem?'
Deputy President Paul Mashatile has publicly denied ownership of a R28 million Constantia villa, despite declaring it in his official 2025 financial report. In the government document, the 64-year-old laid claim to three properties worth over R65 million. Mashatile earns R3.2 million per annum, with a monthly take-home salary worth less than one bond repayment. Speaking to the SABC, Paul Mashatile was quizzed on public concerns that cabinet members were using their positions to amass wealth and live in luxury, often above their official income. When questioned about his own declarations – three properties, two in Johannesburg, and one in Cape Town, a seemingly bewildered Mashatile responded: 'What properties do I own? 'People must read. First thing you must learn in life. There is nothing in parliament that I said I own a house. I said I live there. That house is owned by my son-in-law. It's a very simple thing to read. So what is the problem? Deputy President Paul Mashatile's affordability has been questioned following his declaration of a R28 million Constantia property. Images via X: @pmashatile/ Seeff Properties When asked his opinion on concerns that cabinet members were using their positions to amass wealth for their families, Mashatile responded, 'Which government officials? Which politicians?' 'I have answered [your question]. I don't use government money. There is no government money in those houses…It's a private home. It is owned by the family. How does the government come in? I work for government and get paid a salary'. In the 2025 register of member interests, Paul Mashatile declared the ownership of three residential homes. They are : 4000 square metres home in Constantia, Cape Town 9000 square metres home in Waterfall, Midrand, Johannesburg 3000 square metre home in Kelvin, Johannesburg. Mashatile also declared a public pension fund and an Old Mutual unit trust. He did not list any businesses, shares, or work outside of parliament. He did declare several gifts, among them being; A portrait of himself, worth around R3000 Tea cups, saucers, and a kettle, worth around R2000 Wine, whisky, and Lindt chocolate around R5 000 Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
