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So, for example, someone that was lower down in this in the hierarchy
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Steinheist

So, for example, someone that waslower down in this in the hierarchy needed to...

So, for example, someone that was
lower down in this in the hierarchy needed to be
humiliated and shamed in order to maintain power and
control and reinforce his authority

Full Transcript

00:00:01.000 --> 00:00:04.008
So, for example, someone that was lower down in this in the hierarchy
00:00:04.801 --> 00:00:07.799
needed to be humiliated and shamed
00:00:08.072 --> 00:00:14.038
in order to maintain power and control and reinforce his authority.
Duration
14 seconds
Views
37
Timestamp in Movie
00:22:20
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 • E03 You know, until a few months before the collapse, - Steinheist 00:07
You know, until a few months before the collapse,
S01 • E03 He got through all those gatekeepers. - Steinheist 00:04
He got through all those gatekeepers.
S01 • E01 Most of our businesses have also had resilient performances. - Steinheist 00:05
Most of our businesses have also had resilient performances.
S01 • E02 But someone that he needed to gain power or status from - Steinheist 00:09
But someone that he needed to gain power or status from
S01 • E01 I mean, the UK did well. So it shows - Steinheist 00:07
I mean, the UK did well. So it shows
S01 • E03 When those people who were there for years, they never saw it. - Steinheist 00:06
When those people who were there for years, they never saw i...
S01 • E03 Should I have said, "No, no, no. I don't trust all these auditors. - Steinheist 00:07
Should I have said, "No, no, no. I don't trust all...
S01 • E02 I spoke to Christo Wiese. I said, "You know what? He's a bully." - Steinheist 00:13
I spoke to Christo Wiese. I said, "You know what? He�...
S01 • E01 When you look back on it and you were analysing it - Steinheist 00:19
When you look back on it and you were analysing it
S01 • E03 Why did it never happen in 50 years in my other businesses? - Steinheist 00:06
Why did it never happen in 50 years in my other businesses?
S01 • E02 Yeah, we went on a few... - Steinheist 00:05
Yeah, we went on a few...
S01 • E01 For instance his purchase of Pat Cornick, - Steinheist 00:12
For instance his purchase of Pat Cornick,
S01 • E02 Now, you know, that's when you really get to know people, - Steinheist 00:13
Now, you know, that's when you really get to know peopl...
S01 • E03 There was a long history of the Steinhoff management team - Steinheist 00:19
There was a long history of the Steinhoff management team
S01 • E01 They started talking to me - Steinheist 00:11
They started talking to me
S01 • E02 But there was nothing that he did that appeared to upset me. - Steinheist 00:05
But there was nothing that he did that appeared to upset me.
S01 • E01 Bruno Steinhoff was there. I met him. - Steinheist 00:19
Bruno Steinhoff was there. I met him.
S01 • E03 No company wants to have liabilities that negatively affect its bottom line, - Steinheist 00:09
No company wants to have liabilities that negatively affect ...
S01 • E02 But my impression was that it was very difficult for people to challenge him. - Steinheist 00:06
But my impression was that it was very difficult for people ...
S01 • E03 They're called off balance sheet transactions, an accounting loophole - Steinheist 00:10
They're called off balance sheet transactions, an accou...