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It's quite clear that people can almost describe Steinhoff
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Steinheist

It's quite clear that peoplecan almost describe Steinhoff as a massive...

It's quite clear that people
can almost describe Steinhoff as a massive commercial,
fraudulent conspiracy

Full Transcript

00:00:01.000 --> 00:00:06.084
It's quite clear that people can almost describe Steinhoff
00:00:06.841 --> 00:00:11.761
as a massive commercial, fraudulent conspiracy.
Duration
12 seconds
Views
21
Timestamp in Movie
00:30:20
Uploaded
Apr 29, 2025
Season
1
Episode
3
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 We felt they were gonna address that now, - Steinheist 00:08
We felt they were gonna address that now,
S01 • E03 Because the figures would indicate that, you know, there was very little - Steinheist 00:12
Because the figures would indicate that, you know, there was...
S01 • E01 We kind of allocated some capital, but it was a significant underweight. - Steinheist 00:05
We kind of allocated some capital, but it was a significant ...
S01 • E02 Steinhoff had already bought Pepkor from Christo Wiese - Steinheist 00:31
Steinhoff had already bought Pepkor from Christo Wiese
S01 • E01 If the stock in a market that's concentrated, like South Africa, - Steinheist 00:14
If the stock in a market that's concentrated, like Sout...
S01 • E03 In contradiction of the published audited accounts. - Steinheist 00:06
In contradiction of the published audited accounts.
S01 • E03 If someone is meticulous and devious in the way that they actually hide it, - Steinheist 00:11
If someone is meticulous and devious in the way that they ac...
S01 • E01 In the global markets we're a bit more purist - Steinheist 00:06
In the global markets we're a bit more purist
S01 • E01 So if Steinhoff was operating in the global setting, - Steinheist 00:09
So if Steinhoff was operating in the global setting,
S01 • E03 I think that there's the old saying, "If good men stay quiet, - Steinheist 00:10
I think that there's the old saying, "If good men ...
S01 • E02 But what we didn't know, what no one knew, - Steinheist 00:13
But what we didn't know, what no one knew,
S01 • E01 He managed to spin the web - Steinheist 00:07
He managed to spin the web
S01 • E03 In Afrikaans we call it, they are "skaamkwaad" - Steinheist 00:07
In Afrikaans we call it, they are "skaamkwaad"
S01 • E01 That it was just extremely difficult - Steinheist 00:14
That it was just extremely difficult
S01 • E02 We really only had little over a year within the Steinhoff structure, - Steinheist 00:15
We really only had little over a year within the Steinhoff s...
S01 • E03 I think it's important that we all put the facts on the table as we believe they are. - Steinheist 00:05
I think it's important that we all put the facts on the...
S01 • E03 I think one of the first building blocks of any good scam - Steinheist 00:14
I think one of the first building blocks of any good scam
S01 • E01 Because of Markus Jooste’s incredible ability to persuade people. - Steinheist 00:05
Because of Markus Jooste’s incredible ability to persuade pe...
S01 • E02 I thought that what I perceived to be their risk and audit measures - Steinheist 00:08
I thought that what I perceived to be their risk and audit m...
S01 • E01 You know? I mean, let's face it, he managed to persuade Christo Wiese. - Steinheist 00:05
You know? I mean, let's face it, he managed to persuade...