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So you decide to take
a short position... You borrow shares in the company
from a long-term investor such as a pension
fund, for a small fee. You then sell the shares
and convert it to cash. Then you wait
a short position... You borrow shares in the company
from a long-term investor such as a pension
fund, for a small fee. You then sell the shares
and convert it to cash. Then you wait
Full Transcript
00:00:01.000 --> 00:00:03.084
So you decide to take
a short position...
00:00:04.321 --> 00:00:07.999
You borrow shares in the company
from a long-term investor
00:00:08.000 --> 00:00:10.076
such as a pension
fund, for a small fee.
00:00:10.761 --> 00:00:13.959
You then sell the shares
and convert it to cash.
00:00:13.096 --> 00:00:15.000
Then you wait.
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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...