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The vision between Steinhoff and Seifert
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Steinheist

The vision betweenSteinhoff and Seifert was to form a large Europeanhousehold discount...

The vision between
Steinhoff and Seifert was to form a large European
household discount chain that could compete with IKEA

Full Transcript

00:00:01.000 --> 00:00:03.559
The vision between Steinhoff and Seifert
00:00:03.056 --> 00:00:07.919
was to form a large European household discount chain
00:00:07.092 --> 00:00:09.088
that could compete with IKEA.
Duration
10 seconds
Views
21
Timestamp in Movie
00:37:32
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 We actually spoke to the journalist - Steinheist 00:09
We actually spoke to the journalist
S01 • E03 Unfortunately it turned out that Dr Seifert was the wrong person - Steinheist 00:13
Unfortunately it turned out that Dr Seifert was the wrong pe...
S01 • E02 We approached Steinhoff, - Steinheist 00:15
We approached Steinhoff,
S01 • E03 During 2015, Steinhoff learned - Steinheist 00:12
During 2015, Steinhoff learned
S01 • E02 This is an old issue - Steinheist 00:22
This is an old issue
S01 • E01 They immediately started to sponsor, for example, the university's rugby club. - Steinheist 00:06
They immediately started to sponsor, for example, the univer...
S01 • E03 It was Steinhoff's and my view - Steinheist 00:21
It was Steinhoff's and my view
S01 • E01 In fact, the South African Sevens rugby team, - Steinheist 00:26
In fact, the South African Sevens rugby team,
S01 • E02 Not especially, - Steinheist 00:06
Not especially,
S01 • E02 They are quite adventurous by nature, but we generally are of the view - Steinheist 00:07
They are quite adventurous by nature, but we generally are o...
S01 • E03 Seifert is the one who is the arch villain in this particular picture - Steinheist 00:16
Seifert is the one who is the arch villain in this particula...
S01 • E02 Management teams always have an incentive - Steinheist 00:07
Management teams always have an incentive
S01 • E01 Markus had invested hundreds of millions of rands in horses. - Steinheist 00:15
Markus had invested hundreds of millions of rands in horses.
S01 • E03 And my discussion with Dr Wiese and the legal advisers - Steinheist 00:18
And my discussion with Dr Wiese and the legal advisers
S01 • E02 And I think it was Warren Buffett who said that a management team - Steinheist 00:09
And I think it was Warren Buffett who said that a management...
S01 • E02 I'm probably a sceptic at heart. - Steinheist 00:25
I'm probably a sceptic at heart.
S01 • E01 And even mid-level managers were driven around Stellenbosch - Steinheist 00:17
And even mid-level managers were driven around Stellenbosch
S01 • E03 And I made it very clear that if that is not the way the board would want to go, - Steinheist 00:10
And I made it very clear that if that is not the way the boa...
S01 • E03 We know the numbers which Christo reportedly lost - Steinheist 00:07
We know the numbers which Christo reportedly lost
S01 • E01 By and large, I think Stellenbosch was very much taken - Steinheist 00:10
By and large, I think Stellenbosch was very much taken