Markus Jooste, who resigned as Steinhoff CEO after allegations of financial irregularities at the multinational company, is building a holiday home right on the water's edge in Hermanus.
Images show excavators and tip-trucks on the property while the area is being prepared before construction starts. The house is being built in an area called Kwaaiwater, between the town centre and Voëlklip, and is considered to be the most expensive and exclusive property in the seaside town. The excavations are being done to enable underground garages to be built before the house will be constructed atop.
Jooste apparently owns other properties in Hermanus, including other holiday homes.
According to a local source the house is being built right in front of Gavin Relly's old house. Relly was chairperson of Anglo American and was one of the first businessmen to negotiate with the ANC when it was still banned in the 1980s.
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