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The business model appears very sound
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Steinheist

The business modelappears very sound. We make cheap furniture,or buy cheap furniture, and...

The business model
appears very sound. We make cheap furniture,
or buy cheap furniture, and sell it expensive
into expensive markets

Full Transcript

00:00:01.000 --> 00:00:03.997
The business model appears very sound.
00:00:03.998 --> 00:00:07.517
We make cheap furniture, or buy cheap furniture,
00:00:07.518 --> 00:00:10.997
and sell it expensive into expensive markets.
Duration
11 seconds
Views
21
Timestamp in Movie
00:19:38
Uploaded
Apr 29, 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 • E01 If you can make something in South Africa and sell it into Europe in euros - Steinheist 00:07
If you can make something in South Africa and sell it into E...
S01 • E02 Markus, well done, a couple of runners in the race. - Steinheist 00:21
Markus, well done, a couple of runners in the race.
S01 • E01 The fact that we are concentrating on the discount sector of the market - Steinheist 00:13
The fact that we are concentrating on the discount sector of...
S01 • E03 A report by auditing firm PWC - Steinheist 00:10
A report by auditing firm PWC
S01 • E01 Therefore, we are quite confident that we can continue the same type of euro growth - Steinheist 00:10
Therefore, we are quite confident that we can continue the s...
S01 • E03 Mr Jooste, we understand, is still in the country, - Steinheist 00:07
Mr Jooste, we understand, is still in the country,
S01 • E02 He invested heavily. - Steinheist 00:13
He invested heavily.
S01 • E03 But having said that, there's been no charges put to him, - Steinheist 00:06
But having said that, there's been no charges put to hi...
S01 • E01 So, Bruno found Markus a compelling individual, - Steinheist 00:21
So, Bruno found Markus a compelling individual,
S01 • E02 For him, this was a way of, I suppose, - Steinheist 00:23
For him, this was a way of, I suppose,
S01 • E03 Just like a romantic relationship when it ends, - Steinheist 00:07
Just like a romantic relationship when it ends,
S01 • E03 Having that reflection on your professional relationship with Jooste, - Steinheist 00:08
Having that reflection on your professional relationship wit...
S01 • E03 No. Nothing, you know, that would stick out, - Steinheist 00:17
No. Nothing, you know, that would stick out,
S01 • E01 At his 80th birthday in Westerstede shortly before Steinhoff imploded, - Steinheist 00:10
At his 80th birthday in Westerstede shortly before Steinhoff...
S01 • E02 So, he really was involved in every single aspect of it. - Steinheist 00:11
So, he really was involved in every single aspect of it.
S01 • E01 Which is why a week later, when it all came crashing down, - Steinheist 00:07
Which is why a week later, when it all came crashing down,
S01 • E03 I always found it strange that he said it came like a bolt out of the blue. - Steinheist 00:05
I always found it strange that he said it came like a bolt o...
S01 • E02 So it was almost difficult to keep up with him in many senses. - Steinheist 00:13
So it was almost difficult to keep up with him in many sense...
S01 • E01 What a difference a day on the markets can make. - Steinheist 00:04
What a difference a day on the markets can make.
S01 • E03 Could be a case of being blind to what's actually going on, because - Steinheist 00:16
Could be a case of being blind to what's actually going...