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Dominant management or a dominant CEO
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Steinheist

Dominant managementor a dominant CEO. Weak governance structures.Complex organisational...

Dominant management
or a dominant CEO. Weak governance structures.
Complex organisational structures

Full Transcript

00:00:01.000 --> 00:00:03.006
-Dominant management or a dominant CEO.
00:00:05.002 --> 00:00:10.006
Weak governance structures. Complex organisational structures.
Duration
12 seconds
Views
27
Timestamp in Movie
00:29:08
Uploaded
Apr 27, 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 • E02 For a multi-millionaire - Steinheist 00:14
For a multi-millionaire
S01 • E01 One of the things we observed from our side was the low tax rates. - Steinheist 00:12
One of the things we observed from our side was the low tax ...
S01 • E03 When there is a lot of complex transactions - Steinheist 00:11
When there is a lot of complex transactions
S01 • E02 We started out with one shop in Mossel Bay and ended up with 400 stores. - Steinheist 00:05
We started out with one shop in Mossel Bay and ended up with...
S01 • E01 Now, if you're a company operating in the 28% tax jurisdiction, - Steinheist 00:11
Now, if you're a company operating in the 28% tax juris...
S01 • E02 He also created a R100 million trust - Steinheist 00:12
He also created a R100 million trust
S01 • E01 So, these are some of the issues that shareholders, - Steinheist 00:10
So, these are some of the issues that shareholders,
S01 • E03 Deloitte needs to take responsibility for what happened. - Steinheist 00:05
Deloitte needs to take responsibility for what happened.
S01 • E02 I mean, who doesn't want to be part of that business? - Steinheist 00:04
I mean, who doesn't want to be part of that business?
S01 • E03 I think they were one of the key failures - Steinheist 00:10
I think they were one of the key failures
S01 • E02 One afternoon Braam called me and he said, "Here's an idea for you." - Steinheist 00:14
One afternoon Braam called me and he said, "Here's...
S01 • E03 They screwed up, with any doubt, - Steinheist 00:08
They screwed up, with any doubt,
S01 • E01 The manufacturing, sourcing, - Steinheist 00:28
The manufacturing, sourcing,
S01 • E03 One of the root causes that we also discovered was that - Steinheist 00:15
One of the root causes that we also discovered was that
S01 • E02 They said, "Why don't you come - Steinheist 00:15
They said, "Why don't you come
S01 • E02 We were very excited, - Steinheist 00:24
We were very excited,
S01 • E01 And for the first time it sounded to us - Steinheist 00:08
And for the first time it sounded to us
S01 • E03 It's quite clear that people can almost describe Steinhoff - Steinheist 00:12
It's quite clear that people can almost describe Steinh...
S01 • E01 We felt they were gonna address that now, - Steinheist 00:08
We felt they were gonna address that now,
S01 • E03 Because the figures would indicate that, you know, there was very little - Steinheist 00:12
Because the figures would indicate that, you know, there was...