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Steve Booysen
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Steinheist

Steve Booysen, chair of the audit committee, says,"What do are you doing, Markus?

Steve Booysen, chair of the audit committee, says,
"What do are you doing, Markus?

Full Transcript

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Steve Booysen,
00:00:01.841 --> 00:00:04.521
chair of the audit committee, says, "What do are you doing, Markus?
Duration
6 seconds
Views
65
Timestamp in Movie
00:47:21
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 • E02 Just give them the evidence, let's get this done." - Steinheist 00:06
Just give them the evidence, let's get this done."
S01 • E02 But Deloitte is adamant, "We're not gonna sign off on the financials - Steinheist 00:06
But Deloitte is adamant, "We're not gonna sign off...
S01 • E01 And that lay behind a lot of the deals they did in Europe. - Steinheist 00:04
And that lay behind a lot of the deals they did in Europe.
S01 • E01 They brought Conforama, this French retail chain. - Steinheist 00:16
They brought Conforama, this French retail chain.
S01 • E03 We've seen Tongaat Hulett, we've seen VBS Mutual Bank and a number of other ones - Steinheist 00:13
We've seen Tongaat Hulett, we've seen VBS Mutual B...
S01 • E02 The auditors say to Christo Wiese, - Steinheist 00:17
The auditors say to Christo Wiese,
S01 • E03 Because many of these accounting firms not only aided and abetted state capture, - Steinheist 00:25
Because many of these accounting firms not only aided and ab...
S01 • E02 I said, "But you signed off on all these points last year, - Steinheist 00:15
I said, "But you signed off on all these points last ye...
S01 • E01 And the acquisition trail, if anything, was going to only hot up. - Steinheist 00:04
And the acquisition trail, if anything, was going to only ho...
S01 • E01 But a lot of analysts and a lot of the investment community - Steinheist 00:06
But a lot of analysts and a lot of the investment community
S01 • E02 I've given them all the information. Just relax. It's not like that." - Steinheist 00:22
I've given them all the information. Just relax. It...
S01 • E01 We did have some clients that did question us quite heavily. - Steinheist 00:06
We did have some clients that did question us quite heavily.
S01 • E03 So trust in our institutions starts eroding. - Steinheist 00:04
So trust in our institutions starts eroding.
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,