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And because he operates in different jurisdictions
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Steinheist

And because he operatesin different jurisdictions with different laws and...

And because he operates
in different jurisdictions with different laws and different
accounting standards, etc., etc

Full Transcript

00:00:01.000 --> 00:00:05.718
And because he operates in different jurisdictions
00:00:05.719 --> 00:00:09.879
with different laws and different accounting standards, etc., etc.
Duration
10 seconds
Views
18
Timestamp in Movie
00:55:40
Uploaded
Apr 29, 2025
Season
1
Episode
1
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 • E02 I'd been working the phones, as one does as a journalist. - Steinheist 00:07
I'd been working the phones, as one does as a journalis...
S01 • E01 "And these people just don't understand it." - Steinheist 00:12
"And these people just don't understand it."
S01 • E02 And that was a bit of a giveaway that this was not just a misunderstanding, - Steinheist 00:11
And that was a bit of a giveaway that this was not just a mi...
S01 • E03 Insider trading can be explained through a game of blackjack. - Steinheist 00:17
Insider trading can be explained through a game of blackjack...
S01 • E01 Some people like, dislike, don't understand the business, whatever it is. - Steinheist 00:07
Some people like, dislike, don't understand the busines...
S01 • E01 Then, in 2014, the big fantastic deal for Steinhoff... - Steinheist 00:11
Then, in 2014, the big fantastic deal for Steinhoff...
S01 • E02 The Steinhoff debacle has sent shockwaves in corporate South Africa. - Steinheist 00:17
The Steinhoff debacle has sent shockwaves in corporate South...
S01 • E03 Let's imagine the dealer was the CEO of a company - Steinheist 00:07
Let's imagine the dealer was the CEO of a company
S01 • E01 So we are looking forward to add Pepkor - Steinheist 00:21
So we are looking forward to add Pepkor
S01 • E03 Maybe evidence of fraud is going to be uncovered, - Steinheist 00:07
Maybe evidence of fraud is going to be uncovered,
S01 • E03 If the CEO discloses that information to a third party - Steinheist 00:11
If the CEO discloses that information to a third party
S01 • E02 R200 billion or so was wiped off the stock exchange. - Steinheist 00:11
R200 billion or so was wiped off the stock exchange.
S01 • E02 People scrambling to get out of Steinhoff, scrambling to sell their shares - Steinheist 00:08
People scrambling to get out of Steinhoff, scrambling to sel...
S01 • E03 It's illegal, and it's exactly what Markus Jooste did - Steinheist 00:06
It's illegal, and it's exactly what Markus Jooste ...
S01 • E01 Within a year or 18 months it was R97, virtually doubled. - Steinheist 00:05
Within a year or 18 months it was R97, virtually doubled.
S01 • E01 Because the businesses that I, or my co-shareholders, put into Steinhoff, - Steinheist 00:17
Because the businesses that I, or my co-shareholders, put in...
S01 • E02 It was like that slow motion car crash - Steinheist 00:14
It was like that slow motion car crash
S01 • E03 The legal system, in being fair, - Steinheist 00:15
The legal system, in being fair,
S01 • E02 Even though I had concerns and I had the idea - Steinheist 00:13
Even though I had concerns and I had the idea
S01 • E01 And Christo, I think, bought Markus's idea - Steinheist 00:09
And Christo, I think, bought Markus's idea