SA Money Daily | Despite R150 000 a month, Markus Jooste's 'girlfriend' wanted more. But her legal bid backfired

NPA has 'indication' of whereabouts of two missing accused in Transnet corruption case

The biggest business, economic and market news of the day.

AHMED AREFF, FIN24 DEPUTY EDITOR

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Berdine Odendaal, the rumoured romantic interest of Markus Jooste, has taken action against the SA Reserve Bank (SARB) - which seemingly backfired and stripped her of a monthly income of R150 000. 
 

The bank has accused Odendaal of enjoying a "lavish lifestyle" funded by about R60 million in loans from a company linked to the former Steinhoff CEO. 
 

Last year, the central bank blocked Odendaal's bank accounts, attaching two of her cars and four properties registered in her name at the exclusive Val de Vie Estate outside Paarl. 
 

Attorneys for the Reserve Bank say there is evidence that the 39-year-old polo player bought the properties and cars it attached with loans she received from Mayfair Speculators, a horse racing company owned by Jooste's family trust.
 

It has questioned where else the funds stemmed from, saying that she did not report any income from her businesses to the bank. 

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The National Prosecuting Authority's Investigating Directorate says it has "an indication" of the whereabouts of two of the accused who have not yet appeared in court in a major fraud and corruption case linked to Transnet.

Our view on the business stories of the day.

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To restore merit to the public service, the ANC must do away with its cadre deployment policies. But this will take political courage that is in short supply, says Carol Paton.

Finance Minister Enoch Godongwana says "old technologies", like gas and nuclear, can provide SA with reliable electricity.

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Energy industry champion and former DG of Energy Nelisiwe Magubane, who was forced to resign after refusing to sign the nuclear deal under former president Zuma, has died aged 56.

Moody's Investors Service raised its outlook on Eskom's debt ratings to positive for the first time since 2007 after Finance Minister Enoch Godongwana said that the government could take over a substantial portion of the power company's debt.

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