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That's when it becomes more well-known
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Steinheist

That's when it becomesmore well-known. Its name is now in the pagesof the daily...

That's when it becomes
more well-known. Its name is now in the pages
of the daily newspapers. And then Markus Jooste becomes a
feature of the corporate landscape

Full Transcript

00:00:01.000 --> 00:00:02.959
That's when it becomes more well-known.
00:00:02.096 --> 00:00:06.719
Its name is now in the pages of the daily newspapers.
00:00:06.072 --> 00:00:10.004
And then Markus Jooste becomes a feature of the corporate landscape.
Duration
10 seconds
Views
24
Timestamp in Movie
00:21:56
Uploaded
Apr 30, 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 Jooste, for a period of more than a decade, we now know, - Steinheist 00:12
Jooste, for a period of more than a decade, we now know,
S01 • E02 Those kinds of behaviours - Steinheist 00:15
Those kinds of behaviours
S01 • E03 He managed to get through the component auditors - Steinheist 00:07
He managed to get through the component auditors
S01 • E03 He got through the banks that lent him billions. - Steinheist 00:05
He got through the banks that lent him billions.
S01 • E01 Only available at PEP and Ackermans. - Steinheist 00:07
Only available at PEP and Ackermans.
S01 • E03 The institutional investors, the ratings agencies. - Steinheist 00:05
The institutional investors, the ratings agencies.
S01 • E02 So, for example, someone that was lower down in this in the hierarchy - Steinheist 00:14
So, for example, someone that was lower down in this in the ...
S01 • E03 You know, until a few months before the collapse, - Steinheist 00:07
You know, until a few months before the collapse,
S01 • E03 He got through all those gatekeepers. - Steinheist 00:04
He got through all those gatekeepers.
S01 • E01 Most of our businesses have also had resilient performances. - Steinheist 00:05
Most of our businesses have also had resilient performances.
S01 • E02 But someone that he needed to gain power or status from - Steinheist 00:09
But someone that he needed to gain power or status from
S01 • E01 I mean, the UK did well. So it shows - Steinheist 00:07
I mean, the UK did well. So it shows
S01 • E03 When those people who were there for years, they never saw it. - Steinheist 00:06
When those people who were there for years, they never saw i...
S01 • E03 Should I have said, "No, no, no. I don't trust all these auditors. - Steinheist 00:07
Should I have said, "No, no, no. I don't trust all...
S01 • E02 I spoke to Christo Wiese. I said, "You know what? He's a bully." - Steinheist 00:13
I spoke to Christo Wiese. I said, "You know what? He�...
S01 • E01 When you look back on it and you were analysing it - Steinheist 00:19
When you look back on it and you were analysing it
S01 • E03 Why did it never happen in 50 years in my other businesses? - Steinheist 00:06
Why did it never happen in 50 years in my other businesses?
S01 • E02 Yeah, we went on a few... - Steinheist 00:05
Yeah, we went on a few...
S01 • E01 For instance his purchase of Pat Cornick, - Steinheist 00:12
For instance his purchase of Pat Cornick,
S01 • E02 Now, you know, that's when you really get to know people, - Steinheist 00:13
Now, you know, that's when you really get to know peopl...