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So, the game changes for Steinhoff. They decide that conventionally
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Steinheist

So, the game changes for Steinhoff.They decide that conventionally they've been...

So, the game changes for Steinhoff.
They decide that conventionally they've been making
furniture through Gommagomma

Full Transcript

00:00:01.000 --> 00:00:04.479
So, the game changes for Steinhoff. They decide that conventionally
00:00:04.048 --> 00:00:06.519
they've been making furniture through Gommagomma.
Duration
7 seconds
Views
27
Timestamp in Movie
00:28:22
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 • E01 What they decide now is that it might be an opportune time - Steinheist 00:06
What they decide now is that it might be an opportune time
S01 • E02 Jooste wanted to sponsor the South African Sevens rugby team - Steinheist 00:17
Jooste wanted to sponsor the South African Sevens rugby team
S01 • E01 It wants to have forests that you can use the wood for the furniture. - Steinheist 00:04
It wants to have forests that you can use the wood for the f...
S01 • E01 It wants to own the supply chain - Steinheist 00:07
It wants to own the supply chain
S01 • E03 The need for additional debt or additional financing. - Steinheist 00:04
The need for additional debt or additional financing.
S01 • E02 But in all of this, - Steinheist 00:10
But in all of this,
S01 • E01 Steinhoff was always the stock that... We don't understand it. - Steinheist 00:11
Steinhoff was always the stock that... We don't underst...
S01 • E03 Significant related-party transactions. - Steinheist 00:05
Significant related-party transactions.
S01 • E03 When there's many year-end adjustments. - Steinheist 00:08
When there's many year-end adjustments.
S01 • E02 Announced his arrival in town, - Steinheist 00:08
Announced his arrival in town,
S01 • E03 -Dominant management or a dominant CEO. - Steinheist 00:12
-Dominant management or a dominant CEO.
S01 • E02 For a multi-millionaire - Steinheist 00:14
For a multi-millionaire
S01 • E01 One of the things we observed from our side was the low tax rates. - Steinheist 00:12
One of the things we observed from our side was the low tax ...
S01 • E03 When there is a lot of complex transactions - Steinheist 00:11
When there is a lot of complex transactions
S01 • E02 We started out with one shop in Mossel Bay and ended up with 400 stores. - Steinheist 00:05
We started out with one shop in Mossel Bay and ended up with...
S01 • E01 Now, if you're a company operating in the 28% tax jurisdiction, - Steinheist 00:11
Now, if you're a company operating in the 28% tax juris...
S01 • E02 He also created a R100 million trust - Steinheist 00:12
He also created a R100 million trust
S01 • E01 So, these are some of the issues that shareholders, - Steinheist 00:10
So, these are some of the issues that shareholders,
S01 • E03 Deloitte needs to take responsibility for what happened. - Steinheist 00:05
Deloitte needs to take responsibility for what happened.
S01 • E02 I mean, who doesn't want to be part of that business? - Steinheist 00:04
I mean, who doesn't want to be part of that business?