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It seemed, in retrospect, an ego-driven thing
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Steinheist

It seemed, in retrospect,an ego-driven thing

It seemed, in retrospect,
an ego-driven thing

Full Transcript

00:00:01.000 --> 00:00:04.016
It seemed, in retrospect, an ego-driven thing.
Duration
4 seconds
Views
20
Timestamp in Movie
00:35:17
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 • E03 It becomes your social life. It becomes your business life. - Steinheist 00:05
It becomes your social life. It becomes your business life.
S01 • E03 And so, to lose all of that, sort of overnight, must be pretty tough. - Steinheist 00:06
And so, to lose all of that, sort of overnight, must be pret...
S01 • E02 He'd moved on to a different level. - Steinheist 00:08
He'd moved on to a different level.
S01 • E03 So yeah, I imagine it would've been a pretty hard blow. - Steinheist 00:19
So yeah, I imagine it would've been a pretty hard blow.
S01 • E02 With individuals such as this, there's never satisfaction - Steinheist 00:06
With individuals such as this, there's never satisfacti...
S01 • E01 "they" being the executive in Steinhoff, - Steinheist 00:09
"they" being the executive in Steinhoff,
S01 • E02 So it's almost as if the more power and status and money you get, - Steinheist 00:07
So it's almost as if the more power and status and mone...
S01 • E01 And that's how I got on the board in 2013. - Steinheist 00:13
And that's how I got on the board in 2013.
S01 • E03 And the money that was there - Steinheist 00:09
And the money that was there
S01 • E02 The stakes almost get higher. - Steinheist 00:13
The stakes almost get higher.
S01 • E01 Markus only had about 4% of the shares, but he acted as if it was his company. - Steinheist 00:06
Markus only had about 4% of the shares, but he acted as if i...
S01 • E03 There is a small chance that the public - Steinheist 00:07
There is a small chance that the public
S01 • E02 You know, as much as he was climbing a ladder, what he would've needed - Steinheist 00:18
You know, as much as he was climbing a ladder, what he would...
S01 • E03 The Standing Committee on Finance has taken a draft resolution - Steinheist 00:08
The Standing Committee on Finance has taken a draft resoluti...
S01 • E01 And he actually appointed the board members. - Steinheist 00:10
And he actually appointed the board members.
S01 • E02 He issued a lot of shares to pay for those companies. - Steinheist 00:06
He issued a lot of shares to pay for those companies.
S01 • E01 Markus hand-picked the board members, and obviously lured them for money and fame. - Steinheist 00:06
Markus hand-picked the board members, and obviously lured th...
S01 • E03 Do you swear that the evidence you are about to give - Steinheist 00:07
Do you swear that the evidence you are about to give
S01 • E02 And yeah, there were definitely some eyebrows raised about the transaction. - Steinheist 00:06
And yeah, there were definitely some eyebrows raised about t...
S01 • E01 Not that many of them actually needed the money, - Steinheist 00:10
Not that many of them actually needed the money,