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Because they bet on failure
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Steinheist

Because they bet on failure, but they are very importantparticipants in stock markets

Because they bet on failure, but they are very important
participants in stock markets

Full Transcript

00:00:01.000 --> 00:00:03.999
Because they bet on failure,
00:00:04.000 --> 00:00:08.001
but they are very important participants in stock markets.
Duration
8 seconds
Views
23
Timestamp in Movie
00:41:01
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 • E01 Is it good value? Are you gonna make money from this?" - Steinheist 00:16
Is it good value? Are you gonna make money from this?"
S01 • E02 You can't just have an environment where you are incentivised to buy, - Steinheist 00:13
You can't just have an environment where you are incent...
S01 • E03 That inability to conceptualise or entertain the idea - Steinheist 00:12
That inability to conceptualise or entertain the idea
S01 • E01 And I couldn't believe how confident he was. - Steinheist 00:05
And I couldn't believe how confident he was.
S01 • E02 Tangible assets such as property and vehicles, - Steinheist 00:07
Tangible assets such as property and vehicles,
S01 • E01 Compared to the previous six months of the same period of last year, with this year, - Steinheist 00:12
Compared to the previous six months of the same period of la...
S01 • E03 And I don't think that many members of the committee bought it. - Steinheist 00:05
And I don't think that many members of the committee bo...
S01 • E03 What Mr Jooste is doing - Steinheist 00:09
What Mr Jooste is doing
S01 • E02 These are things like a company's brands and goodwill. - Steinheist 00:05
These are things like a company's brands and goodwill.
S01 • E02 These intangible assets can be extremely valuable, - Steinheist 00:10
These intangible assets can be extremely valuable,
S01 • E01 Astute investors with the information we provide can easily - Steinheist 00:09
Astute investors with the information we provide can easily
S01 • E03 I'm not sure if Markus believes what he said entirely - Steinheist 00:09
I'm not sure if Markus believes what he said entirely
S01 • E02 So when Steinhoff went on a spending spree between 2004 and 2016, - Steinheist 00:19
So when Steinhoff went on a spending spree between 2004 and ...
S01 • E01 Anyone who is aggressive, who is... - Steinheist 00:05
Anyone who is aggressive, who is...
S01 • E03 "This is just a grudge by my former colleague and my peer, Andreas Seifert, - Steinheist 00:11
"This is just a grudge by my former colleague and my pe...
S01 • E01 Dominant in terms of where the company is going, - Steinheist 00:08
Dominant in terms of where the company is going,
S01 • E01 Markus often was self-deprecating at these presentations. - Steinheist 00:07
Markus often was self-deprecating at these presentations.
S01 • E02 Unitrans, HOMEstyle, ERM, - Steinheist 00:12
Unitrans, HOMEstyle, ERM,
S01 • E01 He would say things like, "I don't understand accounting. - Steinheist 00:05
He would say things like, "I don't understand acco...
S01 • E03 The fact is, a forensic audit of Steinhoff by PWC found 6.5 billion, - Steinheist 00:11
The fact is, a forensic audit of Steinhoff by PWC found 6.5 ...