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After a lengthy wait, Steinhoff went public on Frankfurt's DAX today
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Steinheist

After a lengthy wait, Steinhoff wentpublic on Frankfurt's DAX today, but not without the...

After a lengthy wait, Steinhoff went
public on Frankfurt's DAX today, but not without the controversy
of a tax raid beforehand

Full Transcript

00:00:01.000 --> 00:00:05.119
After a lengthy wait, Steinhoff went public on Frankfurt's DAX today,
00:00:05.012 --> 00:00:07.519
but not without the controversy of a tax raid beforehand.
Duration
8 seconds
Views
19
Timestamp in Movie
00:05:17
Uploaded
Apr 30, 2025
Season
1
Episode
2
Genres
documentary, crime
Production
IdeaCandy

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Movie Summary

The biggest corporate scandal in South African history, the fall of Steinhoff led to a loss of R200 billion. Steinheist untangles the story: the investors who were taken in; the victims and the CEO, Markus Jooste, who's still a fr...
S01 • E03 Most of what was raised in 2009 actually materialized. - Steinheist 00:09
Most of what was raised in 2009 actually materialized.
S01 • E01 Markus, he was smart, but he wasn't the smartest student around. - Steinheist 00:15
Markus, he was smart, but he wasn't the smartest studen...
S01 • E02 Joining me now on the line is the CEO of Steinhoff, Markus Jooste. - Steinheist 00:04
Joining me now on the line is the CEO of Steinhoff, Markus J...
S01 • E02 Hi, Giulietta, thank you. - Steinheist 00:07
Hi, Giulietta, thank you.
S01 • E03 I guess at the end of the day I felt vindicated. - Steinheist 00:04
I guess at the end of the day I felt vindicated.
S01 • E02 The first question is, "Why did you only tell the markets on the 4th of December - Steinheist 00:43
The first question is, "Why did you only tell the marke...
S01 • E03 And the right result was that Markus Jooste stepped down - Steinheist 00:10
And the right result was that Markus Jooste stepped down
S01 • E01 Right next to the post office was a betting shop, Tattersalls. - Steinheist 00:08
Right next to the post office was a betting shop, Tattersall...
S01 • E03 It's in my blood, doing the right thing, and I strive to do that. - Steinheist 00:12
It's in my blood, doing the right thing, and I strive t...
S01 • E01 Set for the Turffontein Classic, R500 000 at stake - Steinheist 00:08
Set for the Turffontein Classic, R500 000 at stake
S01 • E01 Committed punter with horses - Steinheist 00:14
Committed punter with horses
S01 • E03 But ultimately, doing the right thing is what it's all about. - Steinheist 00:05
But ultimately, doing the right thing is what it's all ...
S01 • E03 So on one hand, one feels good, if you do analysis - Steinheist 00:07
So on one hand, one feels good, if you do analysis
S01 • E01 In South Africa in those days you still listened to the race on radio, - Steinheist 00:10
In South Africa in those days you still listened to the race...
S01 • E03 On the other side, I knew that a lot of people would lose a lot of money, - Steinheist 00:08
On the other side, I knew that a lot of people would lose a ...
S01 • E02 But that's by people that's got no knowledge - Steinheist 00:32
But that's by people that's got no knowledge
S01 • E03 I was relieved that I could at least protect - Steinheist 00:23
I was relieved that I could at least protect
S01 • E01 I think if you grow up poor - Steinheist 00:21
I think if you grow up poor
S01 • E03 To this day we don't really know what transpired... - Steinheist 00:05
To this day we don't really know what transpired...
S01 • E02 They still gave me a report, and the board, that it's all nonsense. - Steinheist 00:10
They still gave me a report, and the board, that it's a...