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So the board is now in panic stations
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Steinheist

So the board is nowin panic stations. They make Christo Wiesethe executive chairman, to...

So the board is now
in panic stations. They make Christo Wiese
the executive chairman, to run the companies of Steinhoff
until they figure out what to do

Full Transcript

00:00:01.000 --> 00:00:03.044
So the board is now in panic stations.
00:00:03.441 --> 00:00:05.918
They make Christo Wiese the executive chairman,
00:00:05.919 --> 00:00:09.159
to run the companies of Steinhoff until they figure out what to do.
Duration
10 seconds
Views
26
Timestamp in Movie
01:00:43
Uploaded
Apr 27, 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 When Markus called me fairly out of the blue and says, - Steinheist 00:16
When Markus called me fairly out of the blue and says,
S01 • E03 Money and status does not change people. - Steinheist 00:12
Money and status does not change people.
S01 • E02 Why did so many people seem to not see the red flags? - Steinheist 00:06
Why did so many people seem to not see the red flags?
S01 • E02 This company was massively successful where it mattered on the numbers. - Steinheist 00:06
This company was massively successful where it mattered on t...
S01 • E03 You know, you don't find people suddenly becoming corrupt - Steinheist 00:06
You know, you don't find people suddenly becoming corru...
S01 • E02 I mean, the share price up until 2017, - Steinheist 00:07
I mean, the share price up until 2017,
S01 • E01 And I'm on record to say that he's a bit of a sneaky character. - Steinheist 00:05
And I'm on record to say that he's a bit of a snea...
S01 • E03 It's really a trajectory, where, from early on, - Steinheist 00:20
It's really a trajectory, where, from early on,
S01 • E01 And, I mean there are a couple sort of, I think, truisms in investments. - Steinheist 00:05
And, I mean there are a couple sort of, I think, truisms in ...
S01 • E02 People who weren't invested in Steinhoff - Steinheist 00:05
People who weren't invested in Steinhoff
S01 • E01 Never invest in aeroplane companies, never into furniture manufacturers. - Steinheist 00:06
Never invest in aeroplane companies, never into furniture ma...
S01 • E01 So he was actually quite upset with me that the big Markus Jooste from Pretoria - Steinheist 00:09
So he was actually quite upset with me that the big Markus J...
S01 • E03 The evidence is just so overwhelming - Steinheist 00:14
The evidence is just so overwhelming
S01 • E01 He says, "Thys, we currently, as Steinhoff, own 20% in PSG, - Steinheist 00:14
He says, "Thys, we currently, as Steinhoff, own 20% in ...
S01 • E03 They said they're very confident they're... - Steinheist 00:05
They said they're very confident they're...
S01 • E01 I then swapped my PSGs for Steinhoff. - Steinheist 00:05
I then swapped my PSGs for Steinhoff.
S01 • E03 But I mean, "soon" for the police might be in six months' time. - Steinheist 00:05
But I mean, "soon" for the police might be in six ...
S01 • E01 That's how I became involved, - Steinheist 00:10
That's how I became involved,
S01 • E03 But I am definitely checking up on them constantly. I'm not giving up. - Steinheist 00:05
But I am definitely checking up on them constantly. I'm...
S01 • E01 But for every one red flag, there were at least 100 green flags. - Steinheist 00:05
But for every one red flag, there were at least 100 green fl...