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One of the conditions was the fact that I would be appointed
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Steinheist

One of the conditions was thefact that I would be appointed the CEO of the South African...

One of the conditions was the
fact that I would be appointed the CEO of the South African operations,
and they reneged on that as well

Full Transcript

00:00:01.000 --> 00:00:04.239
One of the conditions was the fact that I would be appointed
00:00:04.024 --> 00:00:10.028
the CEO of the South African operations, and they reneged on that as well.
Duration
10 seconds
Views
25
Timestamp in Movie
00:25:17
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 • E01 In my mind, it became a hostile takeover - Steinheist 00:20
In my mind, it became a hostile takeover
S01 • E02 You know, this beautiful blonde polo player - Steinheist 00:08
You know, this beautiful blonde polo player
S01 • E03 You have to understand why they're so upset, - Steinheist 00:10
You have to understand why they're so upset,
S01 • E02 And then flying around on a Jooste-sponsored jet - Steinheist 00:19
And then flying around on a Jooste-sponsored jet
S01 • E03 There's that personal self-belief that they've lost, - Steinheist 00:11
There's that personal self-belief that they've los...
S01 • E01 I was screwed over by Markus Jooste. There's no doubt. - Steinheist 00:05
I was screwed over by Markus Jooste. There's no doubt.
S01 • E03 Is there something wrong in my judgment?" - Steinheist 00:22
Is there something wrong in my judgment?"
S01 • E01 Markus was that kind of person, - Steinheist 00:12
Markus was that kind of person,
S01 • E02 And that's the way of the billionaire, I suppose. - Steinheist 00:05
And that's the way of the billionaire, I suppose.
S01 • E02 Private jets, polo clubs and blonde girlfriends. - Steinheist 00:06
Private jets, polo clubs and blonde girlfriends.
S01 • E02 This is kind of everything that is wrong with our society. - Steinheist 00:04
This is kind of everything that is wrong with our society.
S01 • E01 He wanted to be somebody whose legacy was unquestionable. - Steinheist 00:06
He wanted to be somebody whose legacy was unquestionable.
S01 • E02 We have two worlds you know, we have the one of the 1%, - Steinheist 00:28
We have two worlds you know, we have the one of the 1%,
S01 • E03 Steinhoff changed its year end during the preceding years, - Steinheist 00:14
Steinhoff changed its year end during the preceding years,
S01 • E01 The Gommagomma Group, as we started out as, was a very small entity, - Steinheist 00:09
The Gommagomma Group, as we started out as, was a very small...
S01 • E01 But the acquisition of Pat Cornick was basically - Steinheist 00:10
But the acquisition of Pat Cornick was basically
S01 • E03 Which also made it very difficult - Steinheist 00:20
Which also made it very difficult
S01 • E01 Bringing together manufacturers was critical, was good, important and timely. - Steinheist 00:13
Bringing together manufacturers was critical, was good, impo...
S01 • E02 I guess for Markus it was that he became used to the money. - Steinheist 00:05
I guess for Markus it was that he became used to the money.
S01 • E03 Steinhoff is a big company, it's a complex company, it's got a lot of moving parts. - Steinheist 00:06
Steinhoff is a big company, it's a complex company, it&...