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The stakes almost get higher
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Steinheist

The stakes almost get higher. If you can get away with a lieor a deception or manipulation...

The stakes almost get higher. If you can get away with a lie
or a deception or manipulation around people that are then more
powerful or have more status, it provides a sense, a
greater sense, of superiority

Full Transcript

00:00:01.000 --> 00:00:02.519
The stakes almost get higher.
00:00:02.052 --> 00:00:06.039
If you can get away with a lie or a deception or manipulation
00:00:06.004 --> 00:00:09.519
around people that are then more powerful or have more status,
00:00:09.052 --> 00:00:12.064
it provides a sense, a greater sense, of superiority.
Duration
13 seconds
Views
20
Timestamp in Movie
00:35:47
Uploaded
Apr 29, 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 • E01 Markus only had about 4% of the shares, but he acted as if it was his company. - Steinheist 00:06
Markus only had about 4% of the shares, but he acted as if i...
S01 • E03 There is a small chance that the public - Steinheist 00:07
There is a small chance that the public
S01 • E02 You know, as much as he was climbing a ladder, what he would've needed - Steinheist 00:18
You know, as much as he was climbing a ladder, what he would...
S01 • E03 The Standing Committee on Finance has taken a draft resolution - Steinheist 00:08
The Standing Committee on Finance has taken a draft resoluti...
S01 • E01 And he actually appointed the board members. - Steinheist 00:10
And he actually appointed the board members.
S01 • E02 He issued a lot of shares to pay for those companies. - Steinheist 00:06
He issued a lot of shares to pay for those companies.
S01 • E01 Markus hand-picked the board members, and obviously lured them for money and fame. - Steinheist 00:06
Markus hand-picked the board members, and obviously lured th...
S01 • E03 Do you swear that the evidence you are about to give - Steinheist 00:07
Do you swear that the evidence you are about to give
S01 • E02 And yeah, there were definitely some eyebrows raised about the transaction. - Steinheist 00:06
And yeah, there were definitely some eyebrows raised about t...
S01 • E01 Not that many of them actually needed the money, - Steinheist 00:10
Not that many of them actually needed the money,
S01 • E02 But again, Markus Jooste was one of the top dealmakers. - Steinheist 00:06
But again, Markus Jooste was one of the top dealmakers.
S01 • E01 Some of the most eminent, successful people in South African business - Steinheist 00:09
Some of the most eminent, successful people in South African...
S01 • E03 I thought it important to share with the honourable committees here today - Steinheist 00:15
I thought it important to share with the honourable committe...
S01 • E02 Now, that that's not something that people just say, it's actually real. - Steinheist 00:05
Now, that that's not something that people just say, it...
S01 • E02 If you have debt, - Steinheist 00:06
If you have debt,
S01 • E01 Markus was able to attract - Steinheist 00:22
Markus was able to attract
S01 • E03 I was only about two meters from him, and I had an opportunity - Steinheist 00:08
I was only about two meters from him, and I had an opportuni...
S01 • E02 Loaned you that money, is invested in you in a big way. - Steinheist 00:04
Loaned you that money, is invested in you in a big way.
S01 • E03 He was quite formidable. - Steinheist 00:11
He was quite formidable.
S01 • E02 And so they can't just pull the plug, or can't just move on. - Steinheist 00:05
And so they can't just pull the plug, or can't jus...