Markus Jooste’s mansion sells for R105 million

·10 Mar 2026

The former home of Markus Jooste and the Rupert family in Hermanus has been sold to investors for R105 million.

The sale of the historic Voëlklip property includes two plots totalling 7,000 square meters, with extensive gardens and sea views.

Jooste was the former CEO of Steinhoff and was at the helm when a massive accounting scandal broke. Jooste died in 2024, a day after he was fined R475 million by the FSCA.

The Rupert family are the richest in South Africa, with Johann Rupert having a net worth of around $16 billion (R260 billion).

Seeff said that the properties in Voëlklip are among the most recognisable estates in Hermanus and were acquired by investors who view them as long-term strategic holdings.

Seeff added that the buyers are also currently investigating several options to optimise the properties in a manner which restores and enhances their value while contributing positively to the broader community.

“These properties form part of the historical fabric of Hermanus, and their sale marks the beginning of a new chapter for a truly iconic estate,” said Paul Kruger, licensee for Seeff Hermanus.

“The investors recognise both the significance of the properties and the exceptional setting of Voëlklip, and firmly view the properties as a long-term strategic investment.”

“Several possibilities are currently being considered to ensure that the estate’s future positioning is approached in a responsible and considered manner.”

Kruger said that Hermanus continues to attract significant interest from local and international investors seeking high-quality coastal assets.

“Hermanus remains one of South Africa’s most desirable coastal destinations. Transactions of this nature reaffirm the long-term confidence investors have in the town and the continued strength of its luxury property market.”

Further details regarding the future of the properties are also expected to be communicated once the investors have completed their strategic evaluation.