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The media believed what Steinhoff was saying
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Steinheist

The media believed whatSteinhoff was saying. The feedback was, “Listen,there's nothing...

The media believed what
Steinhoff was saying. The feedback was, “Listen,
there's nothing wrong. The Germans are fishing." And I think maybe that was
taken on face value too easily

Full Transcript

00:00:01.000 --> 00:00:03.002
The media believed what Steinhoff was saying.
00:00:03.719 --> 00:00:06.279
The feedback was, “Listen, there's nothing wrong.
00:00:07.012 --> 00:00:08.879
The Germans are fishing."
00:00:08.088 --> 00:00:12.008
And I think maybe that was taken on face value too easily.
Duration
13 seconds
Views
29
Timestamp in Movie
00:08:10
Uploaded
Apr 30, 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 • E03 We have people in the business who've been with us a long time. - Steinheist 00:19
We have people in the business who've been with us a lo...
S01 • E01 Every one of us, we're part of a network, - Steinheist 00:10
Every one of us, we're part of a network,
S01 • E01 And the networks in Stellenbosch emanate from the schools, - Steinheist 00:11
And the networks in Stellenbosch emanate from the schools,
S01 • E02 We as South Africans said, "Not our Markus. They must have it wrong." - Steinheist 00:08
We as South Africans said, "Not our Markus. They must h...
S01 • E03 We did have the resources to go full steam ahead - Steinheist 00:10
We did have the resources to go full steam ahead
S01 • E01 Going to school in Stellenbosch, going to university in Stellenbosch, - Steinheist 00:15
Going to school in Stellenbosch, going to university in Stel...
S01 • E02 And Markus was flying the flag for South Africa in many ways. - Steinheist 00:15
And Markus was flying the flag for South Africa in many ways...
S01 • E01 So Stellenbosch’s role in the economy, - Steinheist 00:09
So Stellenbosch’s role in the economy,
S01 • E03 There were smaller guys, various investors, - Steinheist 00:09
There were smaller guys, various investors,
S01 • E02 And if the analysis that was done made it easier to believe, - Steinheist 00:08
And if the analysis that was done made it easier to believe,
S01 • E03 So, a lot of the guys who had shares in this growing company - Steinheist 00:06
So, a lot of the guys who had shares in this growing company
S01 • E01 So Stellenbosch is one of the oldest towns in South Africa. - Steinheist 00:19
So Stellenbosch is one of the oldest towns in South Africa.
S01 • E03 In total I lost quite a few million from Steinhoff, which is really a lot of money. - Steinheist 00:07
In total I lost quite a few million from Steinhoff, which is...
S01 • E03 Hard-earned money that my wife and I worked for in our various businesses - Steinheist 00:10
Hard-earned money that my wife and I worked for in our vario...
S01 • E02 I believed Steinhoff was a great company. - Steinheist 00:05
I believed Steinhoff was a great company.
S01 • E02 And I read a lot of analyst reports which analysed Steinhoff and recommended a buy. - Steinheist 00:07
And I read a lot of analyst reports which analysed Steinhoff...
S01 • E03 When things go wrong, it's human nature to play the blame game. - Steinheist 00:05
When things go wrong, it's human nature to play the bla...
S01 • E01 It's the place where Afrikaner nationalism, - Steinheist 00:09
It's the place where Afrikaner nationalism,
S01 • E01 And then, post 1994, - Steinheist 00:09
And then, post 1994,
S01 • E03 Questions have been asked about - Steinheist 00:09
Questions have been asked about