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And I guess he was also in a time in his life
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Steinheist

And I guess he was alsoin a time in his life where business was going well andhe had a lot...

And I guess he was also
in a time in his life where business was going well and
he had a lot of disposable income

Full Transcript

00:00:01.000 --> 00:00:04.004
And I guess he was also in a time in his life
00:00:04.401 --> 00:00:07.028
where business was going well and he had a lot of disposable income.
Duration
8 seconds
Views
17
Timestamp in Movie
00:17:08
Uploaded
Apr 28, 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 • E02 From a business point of view, it gives you a lot of social cachet, - Steinheist 00:13
From a business point of view, it gives you a lot of social ...
S01 • E01 I went always there in that direction in Europe where nobody wants to go. - Steinheist 00:06
I went always there in that direction in Europe where nobody...
S01 • E03 It got quite personal at times, - Steinheist 00:08
It got quite personal at times,
S01 • E01 The wholesale, manufacturing and logistics business - Steinheist 00:25
The wholesale, manufacturing and logistics business
S01 • E02 People who had lots of money and lots of racehorses, - Steinheist 00:14
People who had lots of money and lots of racehorses,
S01 • E03 It's stuff that got said in affidavits and in court. - Steinheist 00:06
It's stuff that got said in affidavits and in court.
S01 • E03 Now, we all know that's part of the game, - Steinheist 00:10
Now, we all know that's part of the game,
S01 • E03 The immediate task was just to try and stabilize everything. - Steinheist 00:04
The immediate task was just to try and stabilize everything.
S01 • E02 I mean, if we look at a personality type - Steinheist 00:12
I mean, if we look at a personality type
S01 • E03 And no shareholder is going to be prepared to keep their shares - Steinheist 00:10
And no shareholder is going to be prepared to keep their sha...
S01 • E01 I was then later in China, I bought furniture in China. - Steinheist 00:04
I was then later in China, I bought furniture in China.
S01 • E01 I was looking to increase the business, - Steinheist 00:15
I was looking to increase the business,
S01 • E03 And here embarks the process to try and get new financials in place. - Steinheist 00:07
And here embarks the process to try and get new financials i...
S01 • E02 Risk-taking is a big part of that. So physiologically, - Steinheist 00:16
Risk-taking is a big part of that. So physiologically,
S01 • E03 That was part of the reason - Steinheist 00:09
That was part of the reason
S01 • E01 So from there, what happened is he met this businessman called Claas Daun. - Steinheist 00:11
So from there, what happened is he met this businessman call...
S01 • E03 I and the management team have weekly contact with PWC. - Steinheist 00:06
I and the management team have weekly contact with PWC.
S01 • E02 So that world would've been characterized by a lot of those elements. - Steinheist 00:05
So that world would've been characterized by a lot of t...
S01 • E03 In fact, I've got two calls a week, set up with them. - Steinheist 00:05
In fact, I've got two calls a week, set up with them.
S01 • E02 So the thrill, the gamble, the, you know, win or loss stakes. - Steinheist 00:06
So the thrill, the gamble, the, you know, win or loss stakes...