After spending the weekend in custody, former Steinhoff legal head Stéhan Grobler will be released on bail if he comes up with R150 000.
The ruling was made by Magistrate Nicca Setshogoe on Monday morning, who said the 64-year-old was not a flight risk.
The state asked for bail to be set at R200 000, while Grobler's legal team had asked for R50 000. His bail conditions include that he must hand in his passports and report to the Brooklyn police station regularly.