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But there was nothing that he did that appeared to upset me
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Steinheist

But there was nothing that hedid that appeared to upset me

But there was nothing that he
did that appeared to upset me

Full Transcript

00:00:01.000 --> 00:00:05.008
But there was nothing that he did that appeared to upset me.
Duration
5 seconds
Views
17
Timestamp in Movie
00:23:15
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 Bruno Steinhoff was there. I met him. - Steinheist 00:19
Bruno Steinhoff was there. I met him.
S01 • E03 No company wants to have liabilities that negatively affect its bottom line, - Steinheist 00:09
No company wants to have liabilities that negatively affect ...
S01 • E02 But my impression was that it was very difficult for people to challenge him. - Steinheist 00:06
But my impression was that it was very difficult for people ...
S01 • E03 They're called off balance sheet transactions, an accounting loophole - Steinheist 00:10
They're called off balance sheet transactions, an accou...
S01 • E02 I think Markus Jooste was too crass. I think he was too gruff. - Steinheist 00:06
I think Markus Jooste was too crass. I think he was too gruf...
S01 • E01 And we would swap two shares of Steinhoff for one of our shares - Steinheist 00:10
And we would swap two shares of Steinhoff for one of our sha...
S01 • E02 So allegedly, the fact that Markus Jooste did have a mistress in Berdine Odendaal - Steinheist 00:10
So allegedly, the fact that Markus Jooste did have a mistres...
S01 • E03 In the case of Steinhoff, - Steinheist 00:15
In the case of Steinhoff,
S01 • E02 And I think that's a function of the fact that when you fly as high as Jooste did, - Steinheist 00:10
And I think that's a function of the fact that when you...
S01 • E01 We're going to be hearing quite a lot of financial jargon as we go along. - Steinheist 00:06
We're going to be hearing quite a lot of financial jarg...
S01 • E03 Steinhoff decided to sell these companies to a third party to remove this risk. - Steinheist 00:23
Steinhoff decided to sell these companies to a third party t...
S01 • E01 When a company wants to buy assets, it could do so in a few ways. - Steinheist 00:07
When a company wants to buy assets, it could do so in a few ...
S01 • E02 And when those stories started coming out, it was obviously held up - Steinheist 00:14
And when those stories started coming out, it was obviously ...
S01 • E01 It could pay cash, use debt, - Steinheist 00:07
It could pay cash, use debt,
S01 • E01 Those who receive these shares - Steinheist 00:07
Those who receive these shares
S01 • E03 It was a deal that didn't stand up to scrutiny - Steinheist 00:07
It was a deal that didn't stand up to scrutiny
S01 • E01 It's a cheap way of doing business, especially if the share price is high. - Steinheist 00:06
It's a cheap way of doing business, especially if the s...
S01 • E02 I don't want to sound like a goody two shoes, but that's a no-no. - Steinheist 00:07
I don't want to sound like a goody two shoes, but that&...
S01 • E03 At face value, it makes sense to say no one would enter into a transaction - Steinheist 00:11
At face value, it makes sense to say no one would enter into...
S01 • E02 I mean, for a CEO to have an affair - Steinheist 00:08
I mean, for a CEO to have an affair