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Could be a case of being blind to what's actually going on, because
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Steinheist

Could be a case of being blind towhat's actually going on, because if you get too close to...

Could be a case of being blind to
what's actually going on, because if you get too close to the management
team, you sort of lose your objectivity. So, I wouldn't be surprised if
Christo Wiese lost his objectivity in terms of seeing, actually, that
he was gonna be taken for a ride

Full Transcript

00:00:01.000 --> 00:00:04.036
Could be a case of being blind to what's actually going on, because
00:00:04.361 --> 00:00:07.719
if you get too close to the management team, you sort of lose your objectivity.
00:00:07.072 --> 00:00:11.679
So, I wouldn't be surprised if Christo Wiese lost his objectivity
00:00:11.068 --> 00:00:16.028
in terms of seeing, actually, that he was gonna be taken for a ride.
Duration
16 seconds
Views
23
Timestamp in Movie
00:21:04
Uploaded
Apr 29, 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 The South African retail giant lost billions from its market value - Steinheist 00:10
The South African retail giant lost billions from its market...
S01 • E02 And the nickname kind of emerged out of an incident - Steinheist 00:07
And the nickname kind of emerged out of an incident
S01 • E01 It's a story that could have catastrophic consequences for corporates across Africa. - Steinheist 00:06
It's a story that could have catastrophic consequences ...
S01 • E03 You know, your career has been a series of successes. - Steinheist 00:06
You know, your career has been a series of successes.
S01 • E02 One Friday night, Markus was there... - Steinheist 00:14
One Friday night, Markus was there...
S01 • E01 But just how did Steinhoff manage to pull a fast one - Steinheist 00:07
But just how did Steinhoff manage to pull a fast one
S01 • E03 It is the biggest mistake by a country mile, Rob. - Steinheist 00:04
It is the biggest mistake by a country mile, Rob.
S01 • E01 Steinhoff decides it needs money to expand. - Steinheist 00:09
Steinhoff decides it needs money to expand.
S01 • E03 I mean, what it cost me in monetary terms. - Steinheist 00:04
I mean, what it cost me in monetary terms.
S01 • E02 We then pitched up at 8 o'clock the morning, - Steinheist 00:11
We then pitched up at 8 o'clock the morning,
S01 • E01 Which essentially allows you capital, - Steinheist 00:15
Which essentially allows you capital,
S01 • E03 But what it cost also in reputational terms, - Steinheist 00:08
But what it cost also in reputational terms,
S01 • E02 That kind of became then a buzz amongst the staff - Steinheist 00:09
That kind of became then a buzz amongst the staff
S01 • E03 How would I explain getting lured into that trap? - Steinheist 00:06
How would I explain getting lured into that trap?
S01 • E03 Is I relied too much on other people's due diligence. - Steinheist 00:07
Is I relied too much on other people's due diligence.
S01 • E01 That's when the company becomes a public entity. - Steinheist 00:04
That's when the company becomes a public entity.
S01 • E02 What we do find with bullies is that they've often - Steinheist 00:12
What we do find with bullies is that they've often
S01 • E01 That's when it becomes more well-known. - Steinheist 00:10
That's when it becomes more well-known.
S01 • E03 Jooste, for a period of more than a decade, we now know, - Steinheist 00:12
Jooste, for a period of more than a decade, we now know,
S01 • E02 Those kinds of behaviours - Steinheist 00:15
Those kinds of behaviours