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But while they would seem to make the company stronger
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Steinheist

But while they would seem tomake the company stronger, they only had a tangible netasset...

But while they would seem to
make the company stronger, they only had a tangible net
asset value of R2 billion

Full Transcript

00:00:01.000 --> 00:00:04.028
But while they would seem to make the company stronger,
00:00:04.281 --> 00:00:09.441
they only had a tangible net asset value of R2 billion...
Duration
9 seconds
Views
22
Timestamp in Movie
00:42:19
Uploaded
Apr 30, 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 • E03 I worked 29 years for this company every day of my life to build it, - Steinheist 00:12
I worked 29 years for this company every day of my life to b...
S01 • E02 Less than 2% of the value was therefore underpinned by something physical, - Steinheist 00:11
Less than 2% of the value was therefore underpinned by somet...
S01 • E01 "Snakes in Suits" is a term - Steinheist 00:17
"Snakes in Suits" is a term
S01 • E03 And therefore it saddened me what has happened to Steinhoff. - Steinheist 00:05
And therefore it saddened me what has happened to Steinhoff.
S01 • E03 It was a business creating more than a hundred thousand jobs. - Steinheist 00:05
It was a business creating more than a hundred thousand jobs...
S01 • E02 There was always the feeling with Steinhoff - Steinheist 00:09
There was always the feeling with Steinhoff
S01 • E03 You know, you're coming across - Steinheist 00:07
You know, you're coming across
S01 • E02 If your name was not on the door, you'd not get into the results presentation. - Steinheist 00:05
If your name was not on the door, you'd not get into th...
S01 • E01 I guess anyone can handle a non-venomous snake, - Steinheist 00:13
I guess anyone can handle a non-venomous snake,
S01 • E03 I can only say that I'm trying my best this morning to answer the questions - Steinheist 00:09
I can only say that I'm trying my best this morning to ...
S01 • E02 If you were not an analyst friendly to the company, - Steinheist 00:07
If you were not an analyst friendly to the company,
S01 • E02 And if you are with them you might get little hints of - Steinheist 00:07
And if you are with them you might get little hints of
S01 • E03 The word scandal is now the writers of sensation. - Steinheist 00:07
The word scandal is now the writers of sensation.
S01 • E01 So, do you get the same kick - Steinheist 00:06
So, do you get the same kick
S01 • E02 And you would feel like you were part of the boys club. - Steinheist 00:05
And you would feel like you were part of the boys club.
S01 • E03 Jooste is a very clever, very slick and a very slippery operator. - Steinheist 00:06
Jooste is a very clever, very slick and a very slippery oper...
S01 • E02 And if you weren't close to the company and you weren't friendly, - Steinheist 00:14
And if you weren't close to the company and you weren&#...
S01 • E03 You know, he knows where all the bodies are buried because he buried them. - Steinheist 00:05
You know, he knows where all the bodies are buried because h...
S01 • E03 In fact, he was the undertaker and he owns the cemetery as well. - Steinheist 00:06
In fact, he was the undertaker and he owns the cemetery as w...
S01 • E01 Steinhoff was one of the few companies that didn't take questions - Steinheist 00:08
Steinhoff was one of the few companies that didn't take...