Markus Jooste’s Cape mansion selling for R105 million

·1 Aug 2025

A Hermanus property owned by the Rupert family and Markus Jooste has hit the market for R105 million.

Seeff said the exclusive property is located in the prestigious area of Voëlklip, offering a prime position in one of the most exclusive estates on the Whale Coast.

Given its price, the property is expected to achieve a record-breaking sale.

“Offering unmatched space, privacy, and grandeur, its distinguished history includes being the cherished holiday retreat of the respected Rupert family,” said Seeff.

“They carefully selected the prime location to create a sanctuary where mountains meet the sea, imbuing the estate with a rich heritage of understated elegance and a deep connection to Hermanus’s pristine natural beauty.”

Seeff confirmed that the property was also owned by disgraced Steinhoff CEO Markus Jooste.

He committed suicide in 2024, years after the company collapsed over extreme financial irregularities. His death came shortly after the FSCA fined him R475 million.

The property offers uninterrupted, panoramic views of Walker Bay, renowned for its spectacular whale-watching.

Paul Kruger, licensee for Seeff Hermanus, described it as a “legacy property” and one of the most significant coastal residential holdings.

The estate includes a double plot, which covers 7,000 sqm. This includes manor house with voluminous interiors and bespoke finishes, and additional residences, all in a Cape vernacular style.

Kruger said that the property is an extreme rarity, noting that a double plot in the highly sought-after Voëlklip area is “virtually unheard of.”