Steinhoff had already boughtPepkor from Christo Wiese for $5.7 billion, making Wiese the...
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Steinhoff had already bought
Pepkor from Christo Wiese for $5.7 billion, making Wiese the biggest Steinhoff
shareholder, and its chairman. Then Steinhoff made an offer
to Braam for Tekkie Town. The transaction
that was proposed was that we would swap
our controlling share of 57.5%, at the
time, in Tekkie Town for 43.5 million
Steinhoff shares
Pepkor from Christo Wiese for $5.7 billion, making Wiese the biggest Steinhoff
shareholder, and its chairman. Then Steinhoff made an offer
to Braam for Tekkie Town. The transaction
that was proposed was that we would swap
our controlling share of 57.5%, at the
time, in Tekkie Town for 43.5 million
Steinhoff shares
Full Transcript
00:00:01.000 --> 00:00:04.052
Steinhoff had already bought
Pepkor from Christo Wiese
00:00:04.521 --> 00:00:07.401
for $5.7 billion,
00:00:07.881 --> 00:00:11.761
making Wiese the biggest Steinhoff
shareholder, and its chairman.
00:00:13.041 --> 00:00:16.681
Then Steinhoff made an offer
to Braam for Tekkie Town.
00:00:17.024 --> 00:00:19.068
The transaction
that was proposed
00:00:20.048 --> 00:00:23.919
was that we would swap
our controlling share
00:00:23.092 --> 00:00:27.068
of 57.5%, at the
time, in Tekkie Town
00:00:28.016 --> 00:00:31.998
for 43.5 million
Steinhoff shares.
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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...
