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For that reason, it might be hard for him to conceptualize
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Steinheist

For that reason, it might behard for him to conceptualize that he would hold the...

For that reason, it might be
hard for him to conceptualize that he would hold the ultimate
responsibility for that

Full Transcript

00:00:01.000 --> 00:00:04.044
For that reason, it might be hard for him to conceptualize
00:00:04.441 --> 00:00:07.119
that he would hold the ultimate responsibility for that.
Duration
7 seconds
Views
21
Timestamp in Movie
00:45:00
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 This old boys club around Steinhoff, you know, - Steinheist 00:09
This old boys club around Steinhoff, you know,
S01 • E02 It wasn't generating cashflows. - Steinheist 00:28
It wasn't generating cashflows.
S01 • E01 The way in which Jooste was just trusted blindly, - Steinheist 00:11
The way in which Jooste was just trusted blindly,
S01 • E03 You know, psychologists talk about sociopaths - Steinheist 00:12
You know, psychologists talk about sociopaths
S01 • E01 For example, taking a whole host of friends and... - Steinheist 00:06
For example, taking a whole host of friends and...
S01 • E03 And they know how to manipulate others who are close to them and around them - Steinheist 00:11
And they know how to manipulate others who are close to them...
S01 • E01 And hangers-on and acolytes to the 2015 Rugby World Cup in London. - Steinheist 00:08
And hangers-on and acolytes to the 2015 Rugby World Cup in L...
S01 • E01 And having the company pay for that and absolutely indulging - Steinheist 00:16
And having the company pay for that and absolutely indulging
S01 • E02 Then there was a German regulator who stepped in and said there were tax issues. - Steinheist 00:06
Then there was a German regulator who stepped in and said th...
S01 • E03 I don't feel sympathetic towards him at all. - Steinheist 00:17
I don't feel sympathetic towards him at all.
S01 • E02 That also kind of said, "Hey, maybe we're not wrong." - Steinheist 00:22
That also kind of said, "Hey, maybe we're not wron...
S01 • E01 And so, the culture was specifically very patriarchal, very Afrikaner, - Steinheist 00:14
And so, the culture was specifically very patriarchal, very ...
S01 • E03 One mistake we must not make is to call these accounting irregularities - Steinheist 00:14
One mistake we must not make is to call these accounting irr...
S01 • E02 And we sold it completely. That was 30th of September 2017. - Steinheist 00:06
And we sold it completely. That was 30th of September 2017.
S01 • E03 Because we treat the public sector with that kind of outlook. - Steinheist 00:05
Because we treat the public sector with that kind of outlook...
S01 • E01 Women were often the target of derogatory statements. - Steinheist 00:05
Women were often the target of derogatory statements.
S01 • E02 It looked like Steinhoff had become a house of cards. - Steinheist 00:08
It looked like Steinhoff had become a house of cards.
S01 • E03 So I'm just saying, it can't be different strokes for different folks. - Steinheist 00:05
So I'm just saying, it can't be different strokes ...
S01 • E01 Women were not appreciated, really, other than for their beauty - Steinheist 00:07
Women were not appreciated, really, other than for their bea...
S01 • E03 That was the bracing reality, I think, for the country to realize after Steinhoff - Steinheist 00:12
That was the bracing reality, I think, for the country to re...