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R200 billion or so was wiped off the stock exchange
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Steinheist

R200 billion or so was wipedoff the stock exchange. The investment analysts I know,the...

R200 billion or so was wiped
off the stock exchange. The investment analysts I know,
the traders I've spoken to, said there was panic in the markets
like they haven't seen before

Full Transcript

00:00:01.000 --> 00:00:04.036
R200 billion or so was wiped off the stock exchange.
00:00:04.361 --> 00:00:07.481
The investment analysts I know, the traders I've spoken to,
00:00:07.482 --> 00:00:10.639
said there was panic in the markets like they haven't seen before.
Duration
11 seconds
Views
29
Timestamp in Movie
00:56:30
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 • E02 People scrambling to get out of Steinhoff, scrambling to sell their shares - Steinheist 00:08
People scrambling to get out of Steinhoff, scrambling to sel...
S01 • E03 It's illegal, and it's exactly what Markus Jooste did - Steinheist 00:06
It's illegal, and it's exactly what Markus Jooste ...
S01 • E01 Within a year or 18 months it was R97, virtually doubled. - Steinheist 00:05
Within a year or 18 months it was R97, virtually doubled.
S01 • E01 Because the businesses that I, or my co-shareholders, put into Steinhoff, - Steinheist 00:17
Because the businesses that I, or my co-shareholders, put in...
S01 • E02 It was like that slow motion car crash - Steinheist 00:14
It was like that slow motion car crash
S01 • E03 The legal system, in being fair, - Steinheist 00:15
The legal system, in being fair,
S01 • E02 Even though I had concerns and I had the idea - Steinheist 00:13
Even though I had concerns and I had the idea
S01 • E01 And Christo, I think, bought Markus's idea - Steinheist 00:09
And Christo, I think, bought Markus's idea
S01 • E03 To continue over decades - Steinheist 00:09
To continue over decades
S01 • E02 And during the course of the morning a report was released by a group that... - Steinheist 00:07
And during the course of the morning a report was released b...
S01 • E01 As he was getting on a little, certainly the feeling that I got from Markus's side, - Steinheist 00:12
As he was getting on a little, certainly the feeling that I ...
S01 • E02 And they came out with this report on Steinhoff - Steinheist 00:23
And they came out with this report on Steinhoff
S01 • E03 He was fined more then R160 million, - Steinheist 00:08
He was fined more then R160 million,
S01 • E01 Markus, he managed Christo unbelievably well. He really did. - Steinheist 00:05
Markus, he managed Christo unbelievably well. He really did.
S01 • E03 The driver already paid his R18 000, - Steinheist 00:12
The driver already paid his R18 000,
S01 • E01 And right up until the last minute, right up until the last day... - Steinheist 00:05
And right up until the last minute, right up until the last ...
S01 • E01 Thanks for tuning in to the CNBC Africa special with myself, Fifi Peters. - Steinheist 00:06
Thanks for tuning in to the CNBC Africa special with myself,...
S01 • E01 For the next half hour, I'll be speaking with Dr Christo Wiese. - Steinheist 00:06
For the next half hour, I'll be speaking with Dr Christ...
S01 • E02 But it very nicely explained - Steinheist 00:09
But it very nicely explained
S01 • E01 I looked at Steinhoff with its wide spread of interests, - Steinheist 00:32
I looked at Steinhoff with its wide spread of interests,