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In 2016, Steinhoff began doing some very conspicuous deals
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Steinheist

In 2016, Steinhoff began doingsome very conspicuous deals. They'd gone into America and...

In 2016, Steinhoff began doing
some very conspicuous deals. They'd gone into America and bought
this company called Mattress Firm at double the price
they should've

Full Transcript

00:00:01.000 --> 00:00:04.004
In 2016, Steinhoff began doing some very conspicuous deals.
00:00:05.000 --> 00:00:08.044
They'd gone into America and bought this company called Mattress Firm
00:00:08.441 --> 00:00:10.399
at double the price they should've.
Duration
10 seconds
Views
17
Timestamp in Movie
00:33:00
Uploaded
Apr 29, 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 Christo Wiese, at some stage at the height of Steinhoff’s prowess - Steinheist 00:06
Christo Wiese, at some stage at the height of Steinhoff’s pr...
S01 • E03 The fact that Steinhoff - Steinheist 00:14
The fact that Steinhoff
S01 • E01 Do you know within the closest billion just how wealthy you are? - Steinheist 00:05
Do you know within the closest billion just how wealthy you ...
S01 • E02 It had financial problems, - Steinheist 00:38
It had financial problems,
S01 • E01 I have no idea because my experience has been that generally people - Steinheist 00:10
I have no idea because my experience has been that generally...
S01 • E03 You know, they would basically have a straight entry - Steinheist 00:07
You know, they would basically have a straight entry
S01 • E03 After years of working, doing the hard graft, - Steinheist 00:09
After years of working, doing the hard graft,
S01 • E01 Were you born into a commercial family? - Steinheist 00:05
Were you born into a commercial family?
S01 • E01 Yeah. You know, a typical small-town business family. - Steinheist 00:05
Yeah. You know, a typical small-town business family.
S01 • E03 I realized that my time at Steinhoff had come to an end - Steinheist 00:12
I realized that my time at Steinhoff had come to an end
S01 • E01 My dad owned a garage, and he was also a Kalahari farmer, - Steinheist 00:10
My dad owned a garage, and he was also a Kalahari farmer,
S01 • E03 And, you know, we were supposed to be colleagues - Steinheist 00:10
And, you know, we were supposed to be colleagues
S01 • E01 Christo Wiese goes and studies law at Stellenbosch University, - Steinheist 00:06
Christo Wiese goes and studies law at Stellenbosch Universit...
S01 • E01 And at the time, his family invests in a small company called PEP. - Steinheist 00:07
And at the time, his family invests in a small company calle...
S01 • E02 But what is clear in retrospect is that Steinhoff was trying to cover - Steinheist 00:21
But what is clear in retrospect is that Steinhoff was trying...
S01 • E01 PEP becomes a fantastic success story. - Steinheist 00:11
PEP becomes a fantastic success story.
S01 • E03 And it wasn't well received. And after that, you can imagine - Steinheist 00:10
And it wasn't well received. And after that, you can im...
S01 • E01 I mean, you were buying clothes for 99 cents. - Steinheist 00:04
I mean, you were buying clothes for 99 cents.
S01 • E03 What shall one call it? A Damascus moment, in a sense. - Steinheist 00:05
What shall one call it? A Damascus moment, in a sense.
S01 • E01 Well, it went on a very aggressive expansion phase. - Steinheist 00:05
Well, it went on a very aggressive expansion phase.