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The long-term effect is the big problem. It's going to be a complete disaster
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Steinheist

The long-term effect is the big problem.It's going to be a complete disaster

The long-term effect is the big problem.
It's going to be a complete disaster

Full Transcript

00:00:01.000 --> 00:00:05.056
The long-term effect is the big problem. It's going to be a complete disaster.
Duration
6 seconds
Views
20
Timestamp in Movie
00:11:58
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 • E02 They'll be able to show the impact of what you are doing on others, - Steinheist 00:15
They'll be able to show the impact of what you are doin...
S01 • E03 There are smaller pension funds that were invested. - Steinheist 00:08
There are smaller pension funds that were invested.
S01 • E02 Remember, certain races were excluded by law from participating in the economy. - Steinheist 00:07
Remember, certain races were excluded by law from participat...
S01 • E03 And if you think about widows and orphans and security guards, - Steinheist 00:23
And if you think about widows and orphans and security guard...
S01 • E02 Some of us could not even do mathematics at school. - Steinheist 00:05
Some of us could not even do mathematics at school.
S01 • E02 So, the Black Business Council is trying to put pressure, and lobby, and advocate - Steinheist 00:12
So, the Black Business Council is trying to put pressure, an...
S01 • E03 There is a bit of an emotional connection to me that I know how it feels - Steinheist 00:12
There is a bit of an emotional connection to me that I know ...
S01 • E02 We still have less than 5% of the economy owned by black people. - Steinheist 00:06
We still have less than 5% of the economy owned by black peo...
S01 • E02 We've got the majority of the CEOs of the JSE-listed companies - Steinheist 00:10
We've got the majority of the CEOs of the JSE-listed co...
S01 • E03 I worked for six years as a security guard and I saved up for university, - Steinheist 00:11
I worked for six years as a security guard and I saved up fo...
S01 • E02 So those are the issues we are trying to bring to the fore. - Steinheist 00:05
So those are the issues we are trying to bring to the fore.
S01 • E02 There was not one board meeting that I attended - Steinheist 00:09
There was not one board meeting that I attended
S01 • E03 There were defenceless people who are sweeping the streets, - Steinheist 00:10
There were defenceless people who are sweeping the streets,
S01 • E02 Of the difficulties that the group was experiencing, - Steinheist 00:07
Of the difficulties that the group was experiencing,
S01 • E03 And it was particularly for that reason - Steinheist 00:26
And it was particularly for that reason
S01 • E01 So, I got to know the information around Markus Jooste - Steinheist 00:13
So, I got to know the information around Markus Jooste
S01 • E02 They were building loss-making businesses upon loss-making businesses, - Steinheist 00:12
They were building loss-making businesses upon loss-making b...
S01 • E02 You know, building a bit of pie in the sky, in a sense. - Steinheist 00:04
You know, building a bit of pie in the sky, in a sense.
S01 • E01 It's just always fascinated me how some people could - Steinheist 00:15
It's just always fascinated me how some people could
S01 • E02 Building a smoke and mirrors kind of empire. - Steinheist 00:05
Building a smoke and mirrors kind of empire.