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But it was in the shareholders' interest to some extent that
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Steinheist

But it was in the shareholders'interest to some extent that

But it was in the shareholders'
interest to some extent that

Full Transcript

00:00:01.000 --> 00:00:05.319
But it was in the shareholders' interest to some extent that...
Duration
5 seconds
Views
20
Timestamp in Movie
00:52:00
Uploaded
Apr 30, 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 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 • E01 And two years later Steinhoff decides, - Steinheist 00:10
And two years later Steinhoff decides,
S01 • E03 So the new management team that was brought in - Steinheist 00:10
So the new management team that was brought in
S01 • E02 - That's the last time you spoke to him? - Last time I spoke to him. - Steinheist 00:04
- That's the last time you spoke to him? - Last time I ...
S01 • E03 We've changed the business model significantly. - Steinheist 00:09
We've changed the business model significantly.
S01 • E01 The question then becomes, "Who owns Fihag?" - Steinheist 00:17
The question then becomes, "Who owns Fihag?"
S01 • E03 We believe everyone and anyone who has a share in this company today - Steinheist 00:14
We believe everyone and anyone who has a share in this compa...
S01 • E01 It's a curious related-party deal. How did this happen? - Steinheist 00:04
It's a curious related-party deal. How did this happen?
S01 • E02 That night, a couple of hours later, - Steinheist 00:10
That night, a couple of hours later,
S01 • E03 And I think the share price is definitely recovered somewhat. - Steinheist 00:07
And I think the share price is definitely recovered somewhat...
S01 • E01 Money flows from one company to another, and that's fine... - Steinheist 00:05
Money flows from one company to another, and that's fin...
S01 • E03 It's definitely not at the levels that it was in December 2017. - Steinheist 00:06
It's definitely not at the levels that it was in Decemb...