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From my side, I'm also deeply saddened
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Steinheist

From my side, I'malso deeply saddened with the events that happened atSteinhoff and all...

From my side, I'm
also deeply saddened with the events that happened at
Steinhoff and all the money that was lost, like the majority of people involved
in trying to save this business

Full Transcript

00:00:01.000 --> 00:00:03.012
From my side, I'm also deeply saddened
00:00:03.121 --> 00:00:07.003
with the events that happened at Steinhoff and all the money that was lost,
00:00:07.998 --> 00:00:10.092
like the majority of people involved in trying to save this business.
Duration
11 seconds
Views
13
Timestamp in Movie
00:19:21
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 He understood accounting, he understood the finance side of the business. - Steinheist 00:05
He understood accounting, he understood the finance side of ...
S01 • E02 In 2005, I was voted onto the Racing Association. - Steinheist 00:07
In 2005, I was voted onto the Racing Association.
S01 • E01 So he believed that with Markus's financial background - Steinheist 00:10
So he believed that with Markus's financial background
S01 • E03 From my side, I also do not think I did anything deliberately wrong. - Steinheist 00:06
From my side, I also do not think I did anything deliberatel...
S01 • E02 And when I arrived on the board, I boxed a lot with Markus. - Steinheist 00:04
And when I arrived on the board, I boxed a lot with Markus.
S01 • E03 Ben la Grange, Steinhoff's former CFO, - Steinheist 00:27
Ben la Grange, Steinhoff's former CFO,
S01 • E02 Mr Jooste was very enthusiastic. - Steinheist 00:17
Mr Jooste was very enthusiastic.
S01 • E01 The business model appears very sound. - Steinheist 00:11
The business model appears very sound.
S01 • E01 If you can make something in South Africa and sell it into Europe in euros - Steinheist 00:07
If you can make something in South Africa and sell it into E...
S01 • E02 Markus, well done, a couple of runners in the race. - Steinheist 00:21
Markus, well done, a couple of runners in the race.
S01 • E01 The fact that we are concentrating on the discount sector of the market - Steinheist 00:13
The fact that we are concentrating on the discount sector of...
S01 • E03 A report by auditing firm PWC - Steinheist 00:10
A report by auditing firm PWC
S01 • E01 Therefore, we are quite confident that we can continue the same type of euro growth - Steinheist 00:10
Therefore, we are quite confident that we can continue the s...
S01 • E03 Mr Jooste, we understand, is still in the country, - Steinheist 00:07
Mr Jooste, we understand, is still in the country,
S01 • E02 He invested heavily. - Steinheist 00:13
He invested heavily.
S01 • E03 But having said that, there's been no charges put to him, - Steinheist 00:06
But having said that, there's been no charges put to hi...
S01 • E01 So, Bruno found Markus a compelling individual, - Steinheist 00:21
So, Bruno found Markus a compelling individual,
S01 • E02 For him, this was a way of, I suppose, - Steinheist 00:23
For him, this was a way of, I suppose,
S01 • E03 Just like a romantic relationship when it ends, - Steinheist 00:07
Just like a romantic relationship when it ends,
S01 • E03 Having that reflection on your professional relationship with Jooste, - Steinheist 00:08
Having that reflection on your professional relationship wit...