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One Friday night, Markus was there
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Steinheist

One Friday night,Markus was there... and we had all stayed late. And then about nine or...

One Friday night,
Markus was there... and we had all stayed late. And then about nine or ten that
night, we got an SMS to say we've got to be back at work on
the Saturday morning at 8 o'clock

Full Transcript

00:00:01.000 --> 00:00:03.064
One Friday night, Markus was there...
00:00:04.641 --> 00:00:06.759
and we had all stayed late.
00:00:06.076 --> 00:00:10.199
And then about nine or ten that night, we got an SMS to say
00:00:10.002 --> 00:00:13.056
we've got to be back at work on the Saturday morning at 8 o'clock.
Duration
14 seconds
Views
23
Timestamp in Movie
00:21:20
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 • E01 But just how did Steinhoff manage to pull a fast one - Steinheist 00:07
But just how did Steinhoff manage to pull a fast one
S01 • E03 It is the biggest mistake by a country mile, Rob. - Steinheist 00:04
It is the biggest mistake by a country mile, Rob.
S01 • E01 Steinhoff decides it needs money to expand. - Steinheist 00:09
Steinhoff decides it needs money to expand.
S01 • E03 I mean, what it cost me in monetary terms. - Steinheist 00:04
I mean, what it cost me in monetary terms.
S01 • E02 We then pitched up at 8 o'clock the morning, - Steinheist 00:11
We then pitched up at 8 o'clock the morning,
S01 • E01 Which essentially allows you capital, - Steinheist 00:15
Which essentially allows you capital,
S01 • E03 But what it cost also in reputational terms, - Steinheist 00:08
But what it cost also in reputational terms,
S01 • E02 That kind of became then a buzz amongst the staff - Steinheist 00:09
That kind of became then a buzz amongst the staff
S01 • E03 How would I explain getting lured into that trap? - Steinheist 00:06
How would I explain getting lured into that trap?
S01 • E01 That's when the company becomes a public entity. - Steinheist 00:04
That's when the company becomes a public entity.
S01 • E03 Is I relied too much on other people's due diligence. - Steinheist 00:07
Is I relied too much on other people's due diligence.
S01 • E02 What we do find with bullies is that they've often - Steinheist 00:12
What we do find with bullies is that they've often
S01 • E01 That's when it becomes more well-known. - Steinheist 00:10
That's when it becomes more well-known.
S01 • E03 Jooste, for a period of more than a decade, we now know, - Steinheist 00:12
Jooste, for a period of more than a decade, we now know,
S01 • E02 Those kinds of behaviours - Steinheist 00:15
Those kinds of behaviours
S01 • E03 He managed to get through the component auditors - Steinheist 00:07
He managed to get through the component auditors
S01 • E03 He got through the banks that lent him billions. - Steinheist 00:05
He got through the banks that lent him billions.
S01 • E01 Only available at PEP and Ackermans. - Steinheist 00:07
Only available at PEP and Ackermans.
S01 • E03 The institutional investors, the ratings agencies. - Steinheist 00:05
The institutional investors, the ratings agencies.
S01 • E02 So, for example, someone that was lower down in this in the hierarchy - Steinheist 00:14
So, for example, someone that was lower down in this in the ...