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So, I find the Steinhoff story really fascinating
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Steinheist

So, I find the Steinhoffstory really fascinating. It began with Bruno Steinhoff. He's the...

So, I find the Steinhoff
story really fascinating. It began with Bruno Steinhoff. He's the guy who created this
company that we talk about now that is synonymous with the word
"corporate corruption" in South Africa

Full Transcript

00:00:01.000 --> 00:00:03.072
So, I find the Steinhoff story really fascinating.
00:00:03.721 --> 00:00:05.321
It began with Bruno Steinhoff.
00:00:06.081 --> 00:00:08.096
He's the guy who created this company that we talk about now
00:00:08.961 --> 00:00:12.201
that is synonymous with the word "corporate corruption" in South Africa.
Duration
12 seconds
Views
141
Timestamp in Movie
00:16:10
Uploaded
Apr 29, 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 • E02 "And National emblem has hit the front down the inside, - Steinheist 00:21
"And National emblem has hit the front down the inside,
S01 • E03 And so it was very clear that there were going to be significant consequences. - Steinheist 00:07
And so it was very clear that there were going to be signifi...
S01 • E03 I thought very strongly at the time - Steinheist 00:19
I thought very strongly at the time
S01 • E01 - Hi, I'm Rob. We met a few years ago. - Yes. - Steinheist 00:05
- Hi, I'm Rob. We met a few years ago. - Yes.
S01 • E02 Markus bought into National Emblem, who turned out to be - Steinheist 00:07
Markus bought into National Emblem, who turned out to be
S01 • E01 Bruno Steinhoff was born in the Rhineland in Germany. - Steinheist 00:11
Bruno Steinhoff was born in the Rhineland in Germany.
S01 • E03 Your version, essentially, was that Markus Jooste - Steinheist 00:15
Your version, essentially, was that Markus Jooste
S01 • E02 So he made an enormous amount of money on that investment on his very first horse. - Steinheist 00:07
So he made an enormous amount of money on that investment on...
S01 • E01 And only one could take over the farm, - Steinheist 00:08
And only one could take over the farm,
S01 • E02 That's luck. It's like winning the lottery. - Steinheist 00:04
That's luck. It's like winning the lottery.
S01 • E03 It's a lot of, can I put it gently? Waffle. Really, it's disappointing. - Steinheist 00:07
It's a lot of, can I put it gently? Waffle. Really, it&...
S01 • E02 The standard answer to that is, "Too many!" - Steinheist 00:07
The standard answer to that is, "Too many!"
S01 • E01 And so I developed very quickly a very, very big business - Steinheist 00:10
And so I developed very quickly a very, very big business
S01 • E02 That's a lot of money, so nobody has unlimited money. - Steinheist 00:07
That's a lot of money, so nobody has unlimited money.
S01 • E03 And we feel that you're not fully appreciating - Steinheist 00:07
And we feel that you're not fully appreciating
S01 • E01 Part of the business was you would take goods from East Germany, back then, - Steinheist 00:13
Part of the business was you would take goods from East Germ...
S01 • E03 Heather and I were the punching bags. - Steinheist 00:10
Heather and I were the punching bags.
S01 • E02 And I guess he was also in a time in his life - Steinheist 00:08
And I guess he was also in a time in his life
S01 • E02 From a business point of view, it gives you a lot of social cachet, - Steinheist 00:13
From a business point of view, it gives you a lot of social ...
S01 • E01 I went always there in that direction in Europe where nobody wants to go. - Steinheist 00:06
I went always there in that direction in Europe where nobody...