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But if the shares should lose value by 97%, in Steinhoff's case
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Steinheist

But if the shares should losevalue by 97%, in Steinhoff's case, they become virtually...

But if the shares should lose
value by 97%, in Steinhoff's case, they become virtually worthless and
the people who took them as payment incur massive losses

Full Transcript

00:00:01.000 --> 00:00:06.239
But if the shares should lose value by 97%, in Steinhoff's case,
00:00:06.024 --> 00:00:10.012
they become virtually worthless and the people who took them as payment
00:00:10.121 --> 00:00:12.441
incur massive losses.
Duration
12 seconds
Views
20
Timestamp in Movie
00:24:37
Uploaded
Apr 29, 2025
Season
1
Episode
1
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 I fired at least two senior executives because of that. - Steinheist 00:07
I fired at least two senior executives because of that.
S01 • E03 I do think, though, that people sometimes enter transactions - Steinheist 00:07
I do think, though, that people sometimes enter transactions
S01 • E02 Because you lose the trust of the people that report to you. - Steinheist 00:07
Because you lose the trust of the people that report to you.
S01 • E03 It pushes the envelope when it comes to tax rules, - Steinheist 00:15
It pushes the envelope when it comes to tax rules,
S01 • E02 of 40 odd years every day, why wouldn't he lie to me? - Steinheist 00:10
of 40 odd years every day, why wouldn't he lie to me?
S01 • E01 We will continue to follow the developments of what has been dubbed - Steinheist 00:08
We will continue to follow the developments of what has been...
S01 • E03 I never could believe that these figures were coloured. Never. - Steinheist 00:05
I never could believe that these figures were coloured. Neve...
S01 • E01 I was then called to another meeting - Steinheist 00:11
I was then called to another meeting
S01 • E03 Our business style was to have top people and to believe top people. - Steinheist 00:06
Our business style was to have top people and to believe top...
S01 • E02 If the guy jumps the fence once or twice, yeah, you can... - Steinheist 00:05
If the guy jumps the fence once or twice, yeah, you can...
S01 • E03 I never was in these meetings because the finance department was not my job. - Steinheist 00:07
I never was in these meetings because the finance department...
S01 • E02 But when he starts an affair, he goes to the same address all the time, - Steinheist 00:09
But when he starts an affair, he goes to the same address al...
S01 • E03 And they always said everything is okay. I had a shock, a real shock. - Steinheist 00:06
And they always said everything is okay. I had a shock, a re...
S01 • E02 I find that hard to believe that, you know, the existence of a mistress - Steinheist 00:11
I find that hard to believe that, you know, the existence of...
S01 • E01 One of the conditions was the fact that I would be appointed - Steinheist 00:10
One of the conditions was the fact that I would be appointed
S01 • E01 In my mind, it became a hostile takeover - Steinheist 00:20
In my mind, it became a hostile takeover
S01 • E02 You know, this beautiful blonde polo player - Steinheist 00:08
You know, this beautiful blonde polo player
S01 • E03 You have to understand why they're so upset, - Steinheist 00:10
You have to understand why they're so upset,
S01 • E02 And then flying around on a Jooste-sponsored jet - Steinheist 00:19
And then flying around on a Jooste-sponsored jet
S01 • E03 There's that personal self-belief that they've lost, - Steinheist 00:11
There's that personal self-belief that they've los...