Steinhoff legal head, Stehan Grobler is expected to be released on bail, should he pay R150 000. In handing down the judgement, Magistrate Nicca Setshogoe stressed that the 64-year-old was not a flight risk.

The state had initially requested that the bail be set at R200 000. However, Grobler’s legal team negotiated that it be reduced by R50 000. Grobler’s bail application includes that he must hand in his passports and report to the Brooklyn police station regularly.

Magistrate Setshogoe says the decision to award bail was based on Grobler’s history of cooperation with investigations conducted by the National Prosecuting Authority (NPA), the Financial Services Conduct Authority (FSCA), the Reserve Bank and the PwC.

A day after his former boss, Markus Jooste committed suicide in Hermanus, Grobler handed himself over to the Hawks.