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I sobered up and decided
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Steinheist

I sobered up and decided, you know, there's no easier way oflosing money than feeding...

I sobered up and decided, you know, there's no easier way of
losing money than feeding something that eats while you sleep

Full Transcript

00:00:01.000 --> 00:00:03.078
I sobered up and decided,
00:00:03.079 --> 00:00:07.158
you know, there's no easier way of losing money than feeding something
00:00:07.159 --> 00:00:08.838
that eats while you sleep.
Duration
9 seconds
Views
19
Timestamp in Movie
00:19:18
Uploaded
Apr 30, 2025
Season
1
Episode
2
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 Bruno was a very tactile individual. He understood furniture. - Steinheist 00:07
Bruno was a very tactile individual. He understood furniture...
S01 • E03 From my side, I'm also deeply saddened - Steinheist 00:11
From my side, I'm also deeply saddened
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 He understood accounting, he understood the finance side of the business. - Steinheist 00:05
He understood accounting, he understood the finance side of ...
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,