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So Markus Jooste managed to woo Christo into Steinhoff
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Steinheist

So Markus Jooste managed towoo Christo into Steinhoff by essentially saying he wouldbuy...

So Markus Jooste managed to
woo Christo into Steinhoff by essentially saying he would
buy Lanzerac from Christo. - It was the incident with Lanzerac...
- Yeah. That's how you first got
involved with Steinhoff? - That's right.
- Could you describe how that happened?

Full Transcript

00:00:01.000 --> 00:00:04.024
So Markus Jooste managed to woo Christo into Steinhoff
00:00:04.241 --> 00:00:07.321
by essentially saying he would buy Lanzerac from Christo.
00:00:07.092 --> 00:00:10.559
- It was the incident with Lanzerac... - Yeah.
00:00:10.056 --> 00:00:12.919
That's how you first got involved with Steinhoff?
00:00:12.092 --> 00:00:15.068
- That's right. - Could you describe how that happened?
Duration
17 seconds
Views
20
Timestamp in Movie
00:34:48
Uploaded
Apr 27, 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 He then tried to use Poundland to sponsor the Epsom Hill. - Steinheist 00:06
He then tried to use Poundland to sponsor the Epsom Hill.
S01 • E03 So there was a bit, in my opinion, of an unseemly scramble - Steinheist 00:23
So there was a bit, in my opinion, of an unseemly scramble
S01 • E01 I told him that I wanted to sell Lanzerac. - Steinheist 00:07
I told him that I wanted to sell Lanzerac.
S01 • E02 And to some extent it appears that - Steinheist 00:14
And to some extent it appears that
S01 • E01 And he said, "But I'll buy it from you." - Steinheist 00:24
And he said, "But I'll buy it from you."
S01 • E03 I would imagine it's difficult because it's you know, it's not just your hobby. - Steinheist 00:05
I would imagine it's difficult because it's you kn...
S01 • E02 It seemed, in retrospect, an ego-driven thing. - Steinheist 00:04
It seemed, in retrospect, an ego-driven thing.
S01 • E03 It becomes your social life. It becomes your business life. - Steinheist 00:05
It becomes your social life. It becomes your business life.
S01 • E03 And so, to lose all of that, sort of overnight, must be pretty tough. - Steinheist 00:06
And so, to lose all of that, sort of overnight, must be pret...
S01 • E02 He'd moved on to a different level. - Steinheist 00:08
He'd moved on to a different level.
S01 • E03 So yeah, I imagine it would've been a pretty hard blow. - Steinheist 00:19
So yeah, I imagine it would've been a pretty hard blow.
S01 • E02 With individuals such as this, there's never satisfaction - Steinheist 00:06
With individuals such as this, there's never satisfacti...
S01 • E01 "they" being the executive in Steinhoff, - Steinheist 00:09
"they" being the executive in Steinhoff,
S01 • E02 So it's almost as if the more power and status and money you get, - Steinheist 00:07
So it's almost as if the more power and status and mone...
S01 • E01 And that's how I got on the board in 2013. - Steinheist 00:13
And that's how I got on the board in 2013.
S01 • E03 And the money that was there - Steinheist 00:09
And the money that was there
S01 • E02 The stakes almost get higher. - Steinheist 00:13
The stakes almost get higher.
S01 • E01 Markus only had about 4% of the shares, but he acted as if it was his company. - Steinheist 00:06
Markus only had about 4% of the shares, but he acted as if i...
S01 • E03 There is a small chance that the public - Steinheist 00:07
There is a small chance that the public
S01 • E02 You know, as much as he was climbing a ladder, what he would've needed - Steinheist 00:18
You know, as much as he was climbing a ladder, what he would...