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And Shoprite, today, is this massive multi-billion rand
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Steinheist

And Shoprite, today, is thismassive multi-billion rand, largest supermarket in Africa. And...

And Shoprite, today, is this
massive multi-billion rand, largest supermarket in Africa. And Christo Wiese was seen
as the guy you followed, he was the Warren Buffett of
South Africa to some extent

Full Transcript

00:00:01.000 --> 00:00:03.878
And Shoprite, today, is this massive multi-billion rand,
00:00:03.879 --> 00:00:06.757
largest supermarket in Africa.
00:00:06.759 --> 00:00:10.116
And Christo Wiese was seen as the guy you followed,
00:00:10.118 --> 00:00:12.598
he was the Warren Buffett of South Africa to some extent.
Duration
13 seconds
Views
29
Timestamp in Movie
00:34:25
Uploaded
Apr 30, 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 Mattress firm. - Steinheist 00:07
Mattress firm.
S01 • E03 When the initial fallout happened - Steinheist 00:08
When the initial fallout happened
S01 • E01 I always tell people, one wine estate is one too many... - Steinheist 00:10
I always tell people, one wine estate is one too many...
S01 • E03 In terms of the racing side of things, - Steinheist 00:11
In terms of the racing side of things,
S01 • E01 So Markus Jooste managed to woo Christo into Steinhoff - Steinheist 00:17
So Markus Jooste managed to woo Christo into Steinhoff
S01 • E02 He then tried to use Poundland to sponsor the Epsom Hill. - Steinheist 00:06
He then tried to use Poundland to sponsor the Epsom Hill.
S01 • E03 So there was a bit, in my opinion, of an unseemly scramble - Steinheist 00:23
So there was a bit, in my opinion, of an unseemly scramble
S01 • E01 I told him that I wanted to sell Lanzerac. - Steinheist 00:07
I told him that I wanted to sell Lanzerac.
S01 • E02 And to some extent it appears that - Steinheist 00:14
And to some extent it appears that
S01 • E01 And he said, "But I'll buy it from you." - Steinheist 00:24
And he said, "But I'll buy it from you."
S01 • E03 I would imagine it's difficult because it's you know, it's not just your hobby. - Steinheist 00:05
I would imagine it's difficult because it's you kn...
S01 • E02 It seemed, in retrospect, an ego-driven thing. - Steinheist 00:04
It seemed, in retrospect, an ego-driven thing.
S01 • E03 It becomes your social life. It becomes your business life. - Steinheist 00:05
It becomes your social life. It becomes your business life.
S01 • E03 And so, to lose all of that, sort of overnight, must be pretty tough. - Steinheist 00:06
And so, to lose all of that, sort of overnight, must be pret...
S01 • E02 He'd moved on to a different level. - Steinheist 00:08
He'd moved on to a different level.
S01 • E03 So yeah, I imagine it would've been a pretty hard blow. - Steinheist 00:19
So yeah, I imagine it would've been a pretty hard blow.
S01 • E02 With individuals such as this, there's never satisfaction - Steinheist 00:06
With individuals such as this, there's never satisfacti...
S01 • E01 "they" being the executive in Steinhoff, - Steinheist 00:09
"they" being the executive in Steinhoff,
S01 • E02 So it's almost as if the more power and status and money you get, - Steinheist 00:07
So it's almost as if the more power and status and mone...
S01 • E01 And that's how I got on the board in 2013. - Steinheist 00:13
And that's how I got on the board in 2013.