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So when Steinhoff went on a spending
spree between 2004 and 2016, its intangible assets ballooned
from around R5 billion to over R250 billion, largely because of their seven
most significant acquisitions
spree between 2004 and 2016, its intangible assets ballooned
from around R5 billion to over R250 billion, largely because of their seven
most significant acquisitions
Full Transcript
00:00:01.000 --> 00:00:06.559
So when Steinhoff went on a spending
spree between 2004 and 2016,
00:00:06.056 --> 00:00:10.718
its intangible assets ballooned
from around R5 billion
00:00:10.719 --> 00:00:14.399
to over R250 billion,
00:00:14.004 --> 00:00:18.008
largely because of their seven
most significant acquisitions.
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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...