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The Standing Committee on Finance has taken a draft resolution
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Steinheist

The Standing Committee on Financehas taken a draft resolution today to issue asummons for...

The Standing Committee on Finance
has taken a draft resolution today to issue a
summons for Mr Jooste

Full Transcript

00:00:01.000 --> 00:00:03.919
The Standing Committee on Finance has taken a draft resolution
00:00:03.092 --> 00:00:07.052
today to issue a summons for Mr Jooste.
Duration
8 seconds
Views
22
Timestamp in Movie
00:36:06
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 • 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 • 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 • 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...
S01 • E02 So, in many ways, that was a model that Steinhoff had used as well. - Steinheist 00:05
So, in many ways, that was a model that Steinhoff had used a...
S01 • E01 These were guys who knew their way around a balance sheet - Steinheist 00:08
These were guys who knew their way around a balance sheet
S01 • E02 Is to extend themselves to such an extent - Steinheist 00:10
Is to extend themselves to such an extent
S01 • E03 And I got the impression that he was utterly ruthless. - Steinheist 00:06
And I got the impression that he was utterly ruthless.
S01 • E03 And I remember thinking, you know, this man would, - Steinheist 00:06
And I remember thinking, you know, this man would,