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And that's probably the hallmarks of any settlement, ultimately
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Steinheist

And that's probably the hallmarksof any settlement, ultimately

And that's probably the hallmarks
of any settlement, ultimately

Full Transcript

00:00:01.000 --> 00:00:05.559
And that's probably the hallmarks of any settlement, ultimately.
Duration
6 seconds
Views
25
Timestamp in Movie
00:51:32
Uploaded
Apr 29, 2025
Season
1
Episode
3
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 Steve Booysen gets a message from Markus Jooste, in Afrikaans, saying, - Steinheist 00:10
Steve Booysen gets a message from Markus Jooste, in Afrikaan...
S01 • E01 I highlighted six or seven key issues. - Steinheist 00:15
I highlighted six or seven key issues.
S01 • E03 Everyone is a little bit frustrated, - Steinheist 00:07
Everyone is a little bit frustrated,
S01 • E02 And he thinks, "Oh no, Markus only ever communicated with me in Afrikaans." - Steinheist 00:07
And he thinks, "Oh no, Markus only ever communicated wi...
S01 • E02 And he realizes that there might actually be veracity in the claims that - Steinheist 00:09
And he realizes that there might actually be veracity in the...
S01 • E01 But the debt is still there and you still owe the money - Steinheist 00:07
But the debt is still there and you still owe the money
S01 • E03 The settlement was... Relative to the damage that was done, - Steinheist 00:09
The settlement was... Relative to the damage that was done,
S01 • E01 We highlighted a significant number of transaction - Steinheist 00:07
We highlighted a significant number of transaction
S01 • E03 But it was in the shareholders' interest to some extent that... - Steinheist 00:05
But it was in the shareholders' interest to some extent...
S01 • E02 And at 5 o'clock, he sent a lawyer - Steinheist 00:13
And at 5 o'clock, he sent a lawyer
S01 • E01 One company in particular that kept rearing its head was Fihag Finanz. - Steinheist 00:06
One company in particular that kept rearing its head was Fih...
S01 • E03 Because if the settlement were significantly bigger, - Steinheist 00:12
Because if the settlement were significantly bigger,
S01 • E01 Remember we talked about how in the early 2000s - Steinheist 00:25
Remember we talked about how in the early 2000s
S01 • E02 The message was, "He's offering his resignation." - Steinheist 00:08
The message was, "He's offering his resignation.&q...
S01 • E02 I phoned him and I said to him, "Look, you can mitigate whatever you've done - Steinheist 00:09
I phoned him and I said to him, "Look, you can mitigate...
S01 • E03 Yes, I do think Steinhoff is on a path to recovery. - Steinheist 00:09
Yes, I do think Steinhoff is on a path to recovery.
S01 • E02 Not resign, and help people sort out the mess." - Steinheist 00:13
Not resign, and help people sort out the mess."
S01 • E03 It would cease to exist, - Steinheist 00:07
It would cease to exist,
S01 • E03 Debt holders would lose a large chunk of their investment. - Steinheist 00:06
Debt holders would lose a large chunk of their investment.
S01 • E03 So the new management team that was brought in - Steinheist 00:10
So the new management team that was brought in