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Late in 2017, Manager Magazin in Germany
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Steinheist

Late in 2017, ManagerMagazin in Germany published an article suggesting there maybe...

Late in 2017, Manager
Magazin in Germany published an article suggesting there may
be accounting irregularities at Steinhoff

Full Transcript

00:00:01.000 --> 00:00:04.072
Late in 2017, Manager Magazin in Germany
00:00:04.721 --> 00:00:09.921
published an article suggesting there may be accounting irregularities at Steinhoff.
Duration
10 seconds
Views
21
Timestamp in Movie
00:37:13
Uploaded
Apr 29, 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 I would like to take the honourable committees slightly back. - Steinheist 00:06
I would like to take the honourable committees slightly back...
S01 • E01 And whatever the CEO does, needs to be checked by the board. - Steinheist 00:06
And whatever the CEO does, needs to be checked by the board.
S01 • E03 2007, Steinhoff formed - Steinheist 00:13
2007, Steinhoff formed
S01 • E01 And it's very clear in this instance that that did not happen. - Steinheist 00:04
And it's very clear in this instance that that did not ...
S01 • E01 There was not a culture of the board providing proper oversight of Jooste. - Steinheist 00:05
There was not a culture of the board providing proper oversi...
S01 • E02 The author was also very respected, and we questioned it. - Steinheist 00:05
The author was also very respected, and we questioned it.
S01 • E03 The vision between Steinhoff and Seifert - Steinheist 00:10
The vision between Steinhoff and Seifert
S01 • E01 I think Jooste came from Johannesburg, where he made all his money - Steinheist 00:31
I think Jooste came from Johannesburg, where he made all his...
S01 • E02 We actually spoke to the journalist - Steinheist 00:09
We actually spoke to the journalist
S01 • E03 Unfortunately it turned out that Dr Seifert was the wrong person - Steinheist 00:13
Unfortunately it turned out that Dr Seifert was the wrong pe...
S01 • E02 We approached Steinhoff, - Steinheist 00:15
We approached Steinhoff,
S01 • E03 During 2015, Steinhoff learned - Steinheist 00:12
During 2015, Steinhoff learned
S01 • E02 This is an old issue - Steinheist 00:22
This is an old issue
S01 • E01 They immediately started to sponsor, for example, the university's rugby club. - Steinheist 00:06
They immediately started to sponsor, for example, the univer...
S01 • E03 It was Steinhoff's and my view - Steinheist 00:21
It was Steinhoff's and my view
S01 • E01 In fact, the South African Sevens rugby team, - Steinheist 00:26
In fact, the South African Sevens rugby team,
S01 • E02 Not especially, - Steinheist 00:06
Not especially,
S01 • E02 They are quite adventurous by nature, but we generally are of the view - Steinheist 00:07
They are quite adventurous by nature, but we generally are o...
S01 • E03 Seifert is the one who is the arch villain in this particular picture - Steinheist 00:16
Seifert is the one who is the arch villain in this particula...
S01 • E02 Management teams always have an incentive - Steinheist 00:07
Management teams always have an incentive