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So trust in our institutions starts eroding
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Steinheist

So trust in ourinstitutions starts eroding

So trust in our
institutions starts eroding

Full Transcript

00:00:01.000 --> 00:00:04.002
So trust in our institutions starts eroding.
Duration
4 seconds
Views
32
Timestamp in Movie
00:48:14
Uploaded
Apr 29, 2025
Season
1
Episode
3
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 In the end, we turned around and said to clients, - Steinheist 00:34
In the end, we turned around and said to clients,
S01 • E03 And, you know, and when that happens, - Steinheist 00:09
And, you know, and when that happens,
S01 • E03 If Bain &ampamp; Company can do it, why can't I? - Steinheist 00:04
If Bain &ampamp; Company can do it, why can't I?
S01 • E02 And he said he's going to Germany, - Steinheist 00:07
And he said he's going to Germany,
S01 • E03 It was multiple systems failure. - Steinheist 00:15
It was multiple systems failure.
S01 • E02 Obviously, he is a very, very smart operator, and with nerves of steel. - Steinheist 00:06
Obviously, he is a very, very smart operator, and with nerve...
S01 • E01 I mean, we were a tiny asset manager, - Steinheist 00:24
I mean, we were a tiny asset manager,
S01 • E02 Markus disappeared off to Germany over the weekend, - Steinheist 00:06
Markus disappeared off to Germany over the weekend,
S01 • E03 South Africa needs resources. It needs savings. - Steinheist 00:15
South Africa needs resources. It needs savings.
S01 • E02 As it turned out, he was going to Bruno Steinhoff's 80th birthday - Steinheist 00:05
As it turned out, he was going to Bruno Steinhoff's 80t...
S01 • E02 At my party here in Westerstede Markus said 12 o'clock - Steinheist 00:16
At my party here in Westerstede Markus said 12 o'clock
S01 • E03 Employment is not created by the State. Employment is created - Steinheist 00:16
Employment is not created by the State. Employment is create...
S01 • E01 Right, so in December 2009 - Steinheist 00:07
Right, so in December 2009
S01 • E01 We had some serious concerns with Steinhoff. - Steinheist 00:18
We had some serious concerns with Steinhoff.
S01 • E02 I did not... I did not have a smell, nothing. No. - Steinheist 00:04
I did not... I did not have a smell, nothing. No.
S01 • E03 And that's basically what the Guptas did in a big, big way with state capture. - Steinheist 00:07
And that's basically what the Guptas did in a big, big ...
S01 • E03 And that is what Jooste did with Steinhoff. - Steinheist 00:04
And that is what Jooste did with Steinhoff.
S01 • E03 And as a result, the entire population suffers. - Steinheist 00:04
And as a result, the entire population suffers.
S01 • E02 It would be crippling for someone for whom lying was a problem, - Steinheist 00:09
It would be crippling for someone for whom lying was a probl...
S01 • E03 One typically points the finger at the politicians. - Steinheist 00:09
One typically points the finger at the politicians.