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Braam is the main shareholder who established the business
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Steinheist

Braam is the main shareholderwho established the business, but we all contributedto the...

Braam is the main shareholder
who established the business, but we all contributed
to the business. So we felt, as staff, that
we were also defrauded

Full Transcript

00:00:01.000 --> 00:00:04.759
Braam is the main shareholder who established the business,
00:00:04.076 --> 00:00:07.199
but we all contributed to the business.
00:00:07.002 --> 00:00:11.028
So we felt, as staff, that we were also defrauded.
Duration
12 seconds
Views
28
Timestamp in Movie
00:07:52
Uploaded
Apr 27, 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 • E01 There's been a book that has been setting tongues - Steinheist 00:19
There's been a book that has been setting tongues
S01 • E02 The key role of media is to expose it and try and inform people, - Steinheist 00:11
The key role of media is to expose it and try and inform peo...
S01 • E03 I believe there's been crime that has been committed here. - Steinheist 00:06
I believe there's been crime that has been committed he...
S01 • E02 But in general, I think people believed what Steinhoff was saying. - Steinheist 00:06
But in general, I think people believed what Steinhoff was s...
S01 • E03 We're not the kind of a team that sits there and wait for something to happen. - Steinheist 00:05
We're not the kind of a team that sits there and wait f...
S01 • E02 The media believed what Steinhoff was saying. - Steinheist 00:13
The media believed what Steinhoff was saying.
S01 • E03 We have people in the business who've been with us a long time. - Steinheist 00:19
We have people in the business who've been with us a lo...
S01 • E01 Every one of us, we're part of a network, - Steinheist 00:10
Every one of us, we're part of a network,
S01 • E01 And the networks in Stellenbosch emanate from the schools, - Steinheist 00:11
And the networks in Stellenbosch emanate from the schools,
S01 • E02 We as South Africans said, "Not our Markus. They must have it wrong." - Steinheist 00:08
We as South Africans said, "Not our Markus. They must h...
S01 • E03 We did have the resources to go full steam ahead - Steinheist 00:10
We did have the resources to go full steam ahead
S01 • E01 Going to school in Stellenbosch, going to university in Stellenbosch, - Steinheist 00:15
Going to school in Stellenbosch, going to university in Stel...
S01 • E02 And Markus was flying the flag for South Africa in many ways. - Steinheist 00:15
And Markus was flying the flag for South Africa in many ways...
S01 • E01 So Stellenbosch’s role in the economy, - Steinheist 00:09
So Stellenbosch’s role in the economy,
S01 • E03 There were smaller guys, various investors, - Steinheist 00:09
There were smaller guys, various investors,
S01 • E02 And if the analysis that was done made it easier to believe, - Steinheist 00:08
And if the analysis that was done made it easier to believe,
S01 • E03 So, a lot of the guys who had shares in this growing company - Steinheist 00:06
So, a lot of the guys who had shares in this growing company
S01 • E01 So Stellenbosch is one of the oldest towns in South Africa. - Steinheist 00:19
So Stellenbosch is one of the oldest towns in South Africa.
S01 • E03 In total I lost quite a few million from Steinhoff, which is really a lot of money. - Steinheist 00:07
In total I lost quite a few million from Steinhoff, which is...
S01 • E03 Hard-earned money that my wife and I worked for in our various businesses - Steinheist 00:10
Hard-earned money that my wife and I worked for in our vario...