In the case of Steinhoff, it had consumer financebusinesses JD Finance and Capfin. These...
Join the conversation
Log in or create an account to leave a comment
Log In
In the case of Steinhoff, it had consumer finance
businesses JD Finance and Capfin. These companies extended loans to
people who often couldn't afford them, and so, the risk of
defaulting was high
businesses JD Finance and Capfin. These companies extended loans to
people who often couldn't afford them, and so, the risk of
defaulting was high
Full Transcript
00:00:01.000 --> 00:00:02.479
In the case of Steinhoff,
00:00:02.048 --> 00:00:06.096
it had consumer finance
businesses JD Finance and Capfin.
00:00:07.681 --> 00:00:12.945
These companies extended loans to
people who often couldn't afford them,
00:00:12.007 --> 00:00:14.072
and so, the risk of
defaulting was high.
Want This Clip in HD?
Upgrade for HD/4K downloads and unlimited access. Upgrade now →
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...
