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So, these are some of the issues that shareholders
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Steinheist

So, these are some of theissues that shareholders, in South Africa and elsewhere in...

So, these are some of the
issues that shareholders, in South Africa and elsewhere in the
world, need to ask questions about

Full Transcript

00:00:01.000 --> 00:00:04.088
So, these are some of the issues that shareholders,
00:00:04.881 --> 00:00:09.041
in South Africa and elsewhere in the world, need to ask questions about.
Duration
10 seconds
Views
23
Timestamp in Movie
00:29:36
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 • 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?
S01 • E03 I think they were one of the key failures - Steinheist 00:10
I think they were one of the key failures
S01 • E02 One afternoon Braam called me and he said, "Here's an idea for you." - Steinheist 00:14
One afternoon Braam called me and he said, "Here's...
S01 • E03 They screwed up, with any doubt, - Steinheist 00:08
They screwed up, with any doubt,
S01 • E01 The manufacturing, sourcing, - Steinheist 00:28
The manufacturing, sourcing,
S01 • E03 One of the root causes that we also discovered was that - Steinheist 00:15
One of the root causes that we also discovered was that
S01 • E02 They said, "Why don't you come - Steinheist 00:15
They said, "Why don't you come
S01 • E02 We were very excited, - Steinheist 00:24
We were very excited,
S01 • E01 And for the first time it sounded to us - Steinheist 00:08
And for the first time it sounded to us
S01 • E03 It's quite clear that people can almost describe Steinhoff - Steinheist 00:12
It's quite clear that people can almost describe Steinh...
S01 • E01 We felt they were gonna address that now, - Steinheist 00:08
We felt they were gonna address that now,
S01 • E03 Because the figures would indicate that, you know, there was very little - Steinheist 00:12
Because the figures would indicate that, you know, there was...
S01 • E01 We kind of allocated some capital, but it was a significant underweight. - Steinheist 00:05
We kind of allocated some capital, but it was a significant ...
S01 • E02 Steinhoff had already bought Pepkor from Christo Wiese - Steinheist 00:31
Steinhoff had already bought Pepkor from Christo Wiese
S01 • E01 If the stock in a market that's concentrated, like South Africa, - Steinheist 00:14
If the stock in a market that's concentrated, like Sout...
S01 • E03 In contradiction of the published audited accounts. - Steinheist 00:06
In contradiction of the published audited accounts.
S01 • E03 If someone is meticulous and devious in the way that they actually hide it, - Steinheist 00:11
If someone is meticulous and devious in the way that they ac...
S01 • E01 In the global markets we're a bit more purist - Steinheist 00:06
In the global markets we're a bit more purist
S01 • E01 So if Steinhoff was operating in the global setting, - Steinheist 00:09
So if Steinhoff was operating in the global setting,