I looked at Steinhoff withits wide spread of interests, with its very strongbalance sheet,...
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I looked at Steinhoff with
its wide spread of interests, with its very strong
balance sheet, and a number of other factors, and thought
that by putting these businesses together, we could create what... we called a prospective
African champion. In other words, an African retail
business that had become global
its wide spread of interests, with its very strong
balance sheet, and a number of other factors, and thought
that by putting these businesses together, we could create what... we called a prospective
African champion. In other words, an African retail
business that had become global
Full Transcript
00:00:01.000 --> 00:00:05.119
I looked at Steinhoff with
its wide spread of interests,
00:00:05.012 --> 00:00:07.076
with its very strong
balance sheet,
00:00:08.361 --> 00:00:14.092
and a number of other factors, and thought
that by putting these businesses together,
00:00:14.921 --> 00:00:17.012
we could create what...
00:00:18.201 --> 00:00:22.801
we called a prospective
African champion.
00:00:23.841 --> 00:00:30.521
In other words, an African retail
business that had become global.
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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...
