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It's a curious related-party deal. How did this happen?
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Steinheist

It's a curious related-partydeal. How did this happen?

It's a curious related-party
deal. How did this happen?

Full Transcript

00:00:01.000 --> 00:00:04.028
It's a curious related-party deal. How did this happen?
Duration
4 seconds
Views
18
Timestamp in Movie
00:53:05
Uploaded
Apr 30, 2025
Season
1
Episode
1
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 • E02 That night, a couple of hours later, - Steinheist 00:10
That night, a couple of hours later,
S01 • E03 And I think the share price is definitely recovered somewhat. - Steinheist 00:07
And I think the share price is definitely recovered somewhat...
S01 • E01 Money flows from one company to another, and that's fine... - Steinheist 00:05
Money flows from one company to another, and that's fin...
S01 • E03 It's definitely not at the levels that it was in December 2017. - Steinheist 00:06
It's definitely not at the levels that it was in Decemb...
S01 • E03 But that's now behind us. - Steinheist 00:16
But that's now behind us.
S01 • E01 The thing is, the CEO of an acquiring company - Steinheist 00:08
The thing is, the CEO of an acquiring company
S01 • E02 There was this red headline over the screen, - Steinheist 00:17
There was this red headline over the screen,
S01 • E01 And if he doesn't disclose it, he might use his influence - Steinheist 00:08
And if he doesn't disclose it, he might use his influen...
S01 • E03 What makes me more despondent is the fact that there's so little progress - Steinheist 00:06
What makes me more despondent is the fact that there's ...
S01 • E01 He would be what is known as a "related party", - Steinheist 00:13
He would be what is known as a "related party",
S01 • E03 I don't believe the Hawks have started their investigation yet. - Steinheist 00:04
I don't believe the Hawks have started their investigat...
S01 • E02 Because you don't think that a company of that size - Steinheist 00:08
Because you don't think that a company of that size
S01 • E03 Does the NPA have the capacity to successfully prosecute billionaires - Steinheist 00:17
Does the NPA have the capacity to successfully prosecute bil...
S01 • E01 This type of related-party transaction is how Markus Jooste - Steinheist 00:13
This type of related-party transaction is how Markus Jooste
S01 • E02 There's no way this guy that I'd known for 15 years... - Steinheist 00:04
There's no way this guy that I'd known for 15 year...
S01 • E02 He's done what he appears to have done. - Steinheist 00:04
He's done what he appears to have done.
S01 • E03 If you basically defraud a company of R100 billion, you don't go to jail. - Steinheist 00:05
If you basically defraud a company of R100 billion, you don&...
S01 • E03 If Markus Jooste and his accomplices were in fact prosecuted and convicted, - Steinheist 00:10
If Markus Jooste and his accomplices were in fact prosecuted...
S01 • E02 I'd been waiting patiently to hear news that something was amiss, - Steinheist 00:10
I'd been waiting patiently to hear news that something ...
S01 • E01 So during the meeting, - Steinheist 00:07
So during the meeting,