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The immediate task was just to try and stabilize everything
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Steinheist

The immediate task was just totry and stabilize everything

The immediate task was just to
try and stabilize everything

Full Transcript

00:00:01.000 --> 00:00:04.032
The immediate task was just to try and stabilize everything.
Duration
4 seconds
Views
16
Timestamp in Movie
00:17:45
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 • E03 And no shareholder is going to be prepared to keep their shares - Steinheist 00:10
And no shareholder is going to be prepared to keep their sha...
S01 • E01 I was then later in China, I bought furniture in China. - Steinheist 00:04
I was then later in China, I bought furniture in China.
S01 • E01 I was looking to increase the business, - Steinheist 00:15
I was looking to increase the business,
S01 • E03 And here embarks the process to try and get new financials in place. - Steinheist 00:07
And here embarks the process to try and get new financials i...
S01 • E02 Risk-taking is a big part of that. So physiologically, - Steinheist 00:16
Risk-taking is a big part of that. So physiologically,
S01 • E03 That was part of the reason - Steinheist 00:09
That was part of the reason
S01 • E01 So from there, what happened is he met this businessman called Claas Daun. - Steinheist 00:11
So from there, what happened is he met this businessman call...
S01 • E03 I and the management team have weekly contact with PWC. - Steinheist 00:06
I and the management team have weekly contact with PWC.
S01 • E02 So that world would've been characterized by a lot of those elements. - Steinheist 00:05
So that world would've been characterized by a lot of t...
S01 • E02 So the thrill, the gamble, the, you know, win or loss stakes. - Steinheist 00:06
So the thrill, the gamble, the, you know, win or loss stakes...
S01 • E03 In fact, I've got two calls a week, set up with them. - Steinheist 00:05
In fact, I've got two calls a week, set up with them.
S01 • E03 At the current moment, there's more than a hundred people of PWC - Steinheist 00:08
At the current moment, there's more than a hundred peop...
S01 • E01 And I saw in South Africa - Steinheist 00:07
And I saw in South Africa
S01 • E03 The costs for this company in employing PWC is significant. - Steinheist 00:07
The costs for this company in employing PWC is significant.
S01 • E02 I believe you spend quite a lot of time there for your business... - Steinheist 00:04
I believe you spend quite a lot of time there for your busin...
S01 • E01 And Markus talked with me very, very open and I had a good relationship with him. - Steinheist 00:06
And Markus talked with me very, very open and I had a good r...
S01 • E02 Is that's more in Germany, France... Where? - Steinheist 00:04
Is that's more in Germany, France... Where?
S01 • E03 We had the unfortunate position that Mr Jooste - Steinheist 00:10
We had the unfortunate position that Mr Jooste
S01 • E02 Yeah, look, where I work on a daily basis, we're in 32 countries. - Steinheist 00:05
Yeah, look, where I work on a daily basis, we're in 32 ...
S01 • E01 And I think we were good friends. - Steinheist 00:04
And I think we were good friends.