Institutions like Allan Gray, Coronationand others who managed pension funds. The PIC, the...
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Institutions like Allan Gray, Coronation
and others who managed pension funds. The PIC, the Public Investment
Corporation, for example, is the institution that invests money
collected on behalf of all civil servants, and they took a large chunk of money
and invested it in Steinhoff, too
and others who managed pension funds. The PIC, the Public Investment
Corporation, for example, is the institution that invests money
collected on behalf of all civil servants, and they took a large chunk of money
and invested it in Steinhoff, too
Full Transcript
00:00:01.000 --> 00:00:05.004
Institutions like Allan Gray, Coronation
and others who managed pension funds.
00:00:06.039 --> 00:00:09.199
The PIC, the Public Investment
Corporation, for example,
00:00:09.068 --> 00:00:13.999
is the institution that invests money
collected on behalf of all civil servants,
00:00:14.000 --> 00:00:17.096
and they took a large chunk of money
and invested it in Steinhoff, too.
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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...
