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So it was almost difficult to keep up with him in many senses
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Steinheist

So it was almost difficult tokeep up with him in many senses. So he'd be in and he'd be...

So it was almost difficult to
keep up with him in many senses. So he'd be in and he'd be out,
he'd be here, he'd be there. Markus had a nickname by
the name of "The Seagull"

Full Transcript

00:00:01.000 --> 00:00:04.279
So it was almost difficult to keep up with him in many senses.
00:00:04.028 --> 00:00:07.048
So he'd be in and he'd be out, he'd be here, he'd be there.
00:00:10.000 --> 00:00:13.004
Markus had a nickname by the name of "The Seagull".
Duration
13 seconds
Views
19
Timestamp in Movie
00:21:01
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 • E01 What a difference a day on the markets can make. - Steinheist 00:04
What a difference a day on the markets can make.
S01 • E03 Could be a case of being blind to what's actually going on, because - Steinheist 00:16
Could be a case of being blind to what's actually going...
S01 • E01 The South African retail giant lost billions from its market value - Steinheist 00:10
The South African retail giant lost billions from its market...
S01 • E02 And the nickname kind of emerged out of an incident - Steinheist 00:07
And the nickname kind of emerged out of an incident
S01 • E01 It's a story that could have catastrophic consequences for corporates across Africa. - Steinheist 00:06
It's a story that could have catastrophic consequences ...
S01 • E03 You know, your career has been a series of successes. - Steinheist 00:06
You know, your career has been a series of successes.
S01 • E02 One Friday night, Markus was there... - Steinheist 00:14
One Friday night, Markus was there...
S01 • E01 But just how did Steinhoff manage to pull a fast one - Steinheist 00:07
But just how did Steinhoff manage to pull a fast one
S01 • E03 It is the biggest mistake by a country mile, Rob. - Steinheist 00:04
It is the biggest mistake by a country mile, Rob.
S01 • E01 Steinhoff decides it needs money to expand. - Steinheist 00:09
Steinhoff decides it needs money to expand.
S01 • E03 I mean, what it cost me in monetary terms. - Steinheist 00:04
I mean, what it cost me in monetary terms.
S01 • E02 We then pitched up at 8 o'clock the morning, - Steinheist 00:11
We then pitched up at 8 o'clock the morning,
S01 • E01 Which essentially allows you capital, - Steinheist 00:15
Which essentially allows you capital,
S01 • E03 But what it cost also in reputational terms, - Steinheist 00:08
But what it cost also in reputational terms,
S01 • E02 That kind of became then a buzz amongst the staff - Steinheist 00:09
That kind of became then a buzz amongst the staff
S01 • E03 How would I explain getting lured into that trap? - Steinheist 00:06
How would I explain getting lured into that trap?
S01 • E03 Is I relied too much on other people's due diligence. - Steinheist 00:07
Is I relied too much on other people's due diligence.
S01 • E01 That's when the company becomes a public entity. - Steinheist 00:04
That's when the company becomes a public entity.
S01 • E02 What we do find with bullies is that they've often - Steinheist 00:12
What we do find with bullies is that they've often
S01 • E01 That's when it becomes more well-known. - Steinheist 00:10
That's when it becomes more well-known.