The estate of former Steinhoff CEO Markus Jooste has been placed into provisional sequestration more than two years after he died by suicide in Hermanus.

The order was handed down by the Western Cape High Court yesterday following an application by Reclamation Advisory, which acquired several claims against Jooste’s estate earlier this year. 

Netwerk24 reported in June that RCapital, formerly Rootstock Capital, and the trustees of the Niante Trust in May 2026 ceded and transferred five claims previously instituted against the estate.

News24 reports that the company, which is headquartered in Paarl was only registered in March.  Its two directors are David Axten and Nicolaas Faure.

The provisional sequestration order does not give the value of Reclamation’s claims or any indication of what assets remain in the estate.

It directs the sheriff to attach all movable property belonging to the estate and report the attachment, together with an inventory, to the Master of the High Court.

The order cites Jooste’s wife, Ingrid, and the executor of his estate, Schalk Willem de Wet, as respondents.

Creditors will have to prove what they are owed. If the court later makes the sequestration final, the trustee can sell the assets and use the proceeds to pay creditors.

Reclamation is hoping the sequestration process will shed more light on what happened to Jooste’s wealth.

During his time at Steinhoff, he earned hundreds of millions in salary and bonuses. In 2017 alone, he received R121.8m in remuneration, including a R35.6m basic salary and more than R84m in annual, strategic and deferred bonuses.

The actual size of Jooste’s estate remains unclear.

When the SARB swooped on Jooste-linked assets in 2022, it targeted assets worth well over R1bn.

News24 reports that most of these assets were held by the Jooste family’s Silveroak Trust.

Full News24 report