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And I think it was Warren Buffett who said that a management team
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Steinheist

And I think it was Warren Buffettwho said that a management team who doesn't make the...

And I think it was Warren Buffett
who said that a management team who doesn't make the numbers, might
be tempted to make up the numbers

Full Transcript

00:00:01.000 --> 00:00:04.068
And I think it was Warren Buffett who said that a management team
00:00:04.681 --> 00:00:08.679
who doesn't make the numbers, might be tempted to make up the numbers.
Duration
9 seconds
Views
26
Timestamp in Movie
00:38:40
Uploaded
Apr 29, 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 I'm probably a sceptic at heart. - Steinheist 00:25
I'm probably a sceptic at heart.
S01 • E01 And even mid-level managers were driven around Stellenbosch - Steinheist 00:17
And even mid-level managers were driven around Stellenbosch
S01 • E03 And I made it very clear that if that is not the way the board would want to go, - Steinheist 00:10
And I made it very clear that if that is not the way the boa...
S01 • E03 We know the numbers which Christo reportedly lost - Steinheist 00:07
We know the numbers which Christo reportedly lost
S01 • E01 By and large, I think Stellenbosch was very much taken - Steinheist 00:10
By and large, I think Stellenbosch was very much taken
S01 • E03 What about you and your family trust and everything else? - Steinheist 00:04
What about you and your family trust and everything else?
S01 • E03 On what day do you want to take the share price? The day before the collapse? - Steinheist 00:05
On what day do you want to take the share price? The day bef...
S01 • E02 But in addition to that, a hedge fund seeks shares - Steinheist 00:08
But in addition to that, a hedge fund seeks shares
S01 • E01 I think they kind of grinned and beared the crass way - Steinheist 00:18
I think they kind of grinned and beared the crass way
S01 • E03 Don't get now disingenuous. On the day of the collapse. - Steinheist 00:05
Don't get now disingenuous. On the day of the collapse.
S01 • E02 And in that way, a hedge fund tries to make money - Steinheist 00:08
And in that way, a hedge fund tries to make money
S01 • E03 Then it is roughly about R3 billion. - Steinheist 00:04
Then it is roughly about R3 billion.
S01 • E03 I would imagine that if I was going to be losing R3 billion, - Steinheist 00:15
I would imagine that if I was going to be losing R3 billion,
S01 • E01 They didn't really query Jooste. - Steinheist 00:15
They didn't really query Jooste.
S01 • E02 In horse racing, people generally bet on the horse they think will win. - Steinheist 00:06
In horse racing, people generally bet on the horse they thin...
S01 • E03 You literally, with all due respect, sir, threw your toys out the cot. - Steinheist 00:05
You literally, with all due respect, sir, threw your toys ou...
S01 • E02 However, you can also bet on that horse losing the race. - Steinheist 00:06
However, you can also bet on that horse losing the race.
S01 • E02 Maybe you've learned something that tells you the horse will struggle. - Steinheist 00:04
Maybe you've learned something that tells you the horse...
S01 • E01 Certainly not regulatory authorities, certainly not his board, - Steinheist 00:12
Certainly not regulatory authorities, certainly not his boar...
S01 • E03 I went through a two-and-a-half-year period, - Steinheist 00:16
I went through a two-and-a-half-year period,