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I would like to say that I never lied
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Steinheist

I would like to saythat I never lied about the activities of thecompany as the allegation...

I would like to say
that I never lied about the activities of the
company as the allegation was made

Full Transcript

00:00:01.000 --> 00:00:03.072
I would like to say that I never lied
00:00:03.721 --> 00:00:07.521
about the activities of the company as the allegation was made.
Duration
9 seconds
Views
39
Timestamp in Movie
00:44:30
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 • E01 And the little bit that I did see, Markus would hold the floor - Steinheist 00:09
And the little bit that I did see, Markus would hold the flo...
S01 • E03 Mr Jooste, what surprises me most about your evidence - Steinheist 00:08
Mr Jooste, what surprises me most about your evidence
S01 • E01 They'd be hanging out with Markus and essentially buying the narrative. - Steinheist 00:04
They'd be hanging out with Markus and essentially buyin...
S01 • E03 To the thousands of people, - Steinheist 00:10
To the thousands of people,
S01 • E01 They were drinking the Kool-Aid brandy of this particular event. - Steinheist 00:05
They were drinking the Kool-Aid brandy of this particular ev...
S01 • E02 So, I decided because of those red flags, to short the share. - Steinheist 00:05
So, I decided because of those red flags, to short the share...
S01 • E01 And it allowed people to - Steinheist 00:07
And it allowed people to
S01 • E03 I think in distancing himself when working with other people's money, - Steinheist 00:07
I think in distancing himself when working with other people...
S01 • E02 There were too many things that they were doing that were uncomfortable. - Steinheist 00:07
There were too many things that they were doing that were un...
S01 • E01 But I think the boys club in Steinhoff is something that needs to be pointed out. - Steinheist 00:08
But I think the boys club in Steinhoff is something that nee...
S01 • E03 For that reason, it might be hard for him to conceptualize - Steinheist 00:07
For that reason, it might be hard for him to conceptualize
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...