To watch in HD, get ClipCafe PRO
Because remember, the way the companies are run
Please log in to add to collections.
Steinheist

Because remember, the waythe companies are run, the board is mainlythere to guide

Because remember, the way
the companies are run, the board is mainly
there to guide

Full Transcript

00:00:01.000 --> 00:00:03.004
Because remember, the way the companies are run,
00:00:03.401 --> 00:00:06.199
the board is mainly there to guide.
Duration
7 seconds
Views
28
Timestamp in Movie
00:11:07
Uploaded
Apr 27, 2025
Season
1
Episode
2
Genres
documentary, crime
Production
IdeaCandy

Want This Clip in HD?

Upgrade for HD/4K downloads and unlimited access. Upgrade now →

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 The people who are running the company on a daily basis are the exco, - Steinheist 00:09
The people who are running the company on a daily basis are ...
S01 • E02 what tends to happen is that - Steinheist 00:08
what tends to happen is that
S01 • E03 So the government employee pension fund is a defined benefit model. - Steinheist 00:27
So the government employee pension fund is a defined benefit...
S01 • E02 And if they're coming from the same either race, culture, - Steinheist 00:08
And if they're coming from the same either race, cultur...
S01 • E02 They're likely not to question anything that the chairperson does. - Steinheist 00:06
They're likely not to question anything that the chairp...
S01 • E02 So that then creates a problem, because then people start to think the same way. - Steinheist 00:11
So that then creates a problem, because then people start to...
S01 • E02 They're bringing different perspective, you'll be able to see things differently. - Steinheist 00:06
They're bringing different perspective, you'll be ...
S01 • E03 The long-term effect is the big problem. It's going to be a complete disaster. - Steinheist 00:06
The long-term effect is the big problem. It's going to ...
S01 • E02 They'll be able to show the impact of what you are doing on others, - Steinheist 00:15
They'll be able to show the impact of what you are doin...
S01 • E03 There are smaller pension funds that were invested. - Steinheist 00:08
There are smaller pension funds that were invested.
S01 • E02 Remember, certain races were excluded by law from participating in the economy. - Steinheist 00:07
Remember, certain races were excluded by law from participat...
S01 • E03 And if you think about widows and orphans and security guards, - Steinheist 00:23
And if you think about widows and orphans and security guard...
S01 • E02 Some of us could not even do mathematics at school. - Steinheist 00:05
Some of us could not even do mathematics at school.
S01 • E02 So, the Black Business Council is trying to put pressure, and lobby, and advocate - Steinheist 00:12
So, the Black Business Council is trying to put pressure, an...
S01 • E03 There is a bit of an emotional connection to me that I know how it feels - Steinheist 00:12
There is a bit of an emotional connection to me that I know ...
S01 • E02 We still have less than 5% of the economy owned by black people. - Steinheist 00:06
We still have less than 5% of the economy owned by black peo...
S01 • E02 We've got the majority of the CEOs of the JSE-listed companies - Steinheist 00:10
We've got the majority of the CEOs of the JSE-listed co...
S01 • E03 I worked for six years as a security guard and I saved up for university, - Steinheist 00:11
I worked for six years as a security guard and I saved up fo...
S01 • E02 So those are the issues we are trying to bring to the fore. - Steinheist 00:05
So those are the issues we are trying to bring to the fore.
S01 • E02 There was not one board meeting that I attended - Steinheist 00:09
There was not one board meeting that I attended