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Then, in 2014, the big fantastic deal for Steinhoff
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Steinheist

Then, in 2014, the bigfantastic deal for Steinhoff... Steinhoff decided todo a deal to buy...

Then, in 2014, the big
fantastic deal for Steinhoff... Steinhoff decided to
do a deal to buy PEP. R63 billion, massive deal in the
corporate landscape, the retail landscape

Full Transcript

00:00:01.000 --> 00:00:03.999
Then, in 2014, the big fantastic deal for Steinhoff...
00:00:04.000 --> 00:00:06.918
Steinhoff decided to do a deal to buy PEP.
00:00:06.919 --> 00:00:11.319
R63 billion, massive deal in the corporate landscape, the retail landscape.
Duration
11 seconds
Views
25
Timestamp in Movie
00:56:09
Uploaded
Apr 29, 2025
Season
1
Episode
1
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 The Steinhoff debacle has sent shockwaves in corporate South Africa. - Steinheist 00:17
The Steinhoff debacle has sent shockwaves in corporate South...
S01 • E03 Let's imagine the dealer was the CEO of a company - Steinheist 00:07
Let's imagine the dealer was the CEO of a company
S01 • E01 So we are looking forward to add Pepkor - Steinheist 00:21
So we are looking forward to add Pepkor
S01 • E03 Maybe evidence of fraud is going to be uncovered, - Steinheist 00:07
Maybe evidence of fraud is going to be uncovered,
S01 • E03 If the CEO discloses that information to a third party - Steinheist 00:11
If the CEO discloses that information to a third party
S01 • E02 R200 billion or so was wiped off the stock exchange. - Steinheist 00:11
R200 billion or so was wiped off the stock exchange.
S01 • E02 People scrambling to get out of Steinhoff, scrambling to sell their shares - Steinheist 00:08
People scrambling to get out of Steinhoff, scrambling to sel...
S01 • E03 It's illegal, and it's exactly what Markus Jooste did - Steinheist 00:06
It's illegal, and it's exactly what Markus Jooste ...
S01 • E01 Within a year or 18 months it was R97, virtually doubled. - Steinheist 00:05
Within a year or 18 months it was R97, virtually doubled.
S01 • E01 Because the businesses that I, or my co-shareholders, put into Steinhoff, - Steinheist 00:17
Because the businesses that I, or my co-shareholders, put in...
S01 • E02 It was like that slow motion car crash - Steinheist 00:14
It was like that slow motion car crash
S01 • E03 The legal system, in being fair, - Steinheist 00:15
The legal system, in being fair,
S01 • E02 Even though I had concerns and I had the idea - Steinheist 00:13
Even though I had concerns and I had the idea
S01 • E01 And Christo, I think, bought Markus's idea - Steinheist 00:09
And Christo, I think, bought Markus's idea
S01 • E03 To continue over decades - Steinheist 00:09
To continue over decades
S01 • E02 And during the course of the morning a report was released by a group that... - Steinheist 00:07
And during the course of the morning a report was released b...
S01 • E01 As he was getting on a little, certainly the feeling that I got from Markus's side, - Steinheist 00:12
As he was getting on a little, certainly the feeling that I ...
S01 • E02 And they came out with this report on Steinhoff - Steinheist 00:23
And they came out with this report on Steinhoff
S01 • E03 He was fined more then R160 million, - Steinheist 00:08
He was fined more then R160 million,
S01 • E01 Markus, he managed Christo unbelievably well. He really did. - Steinheist 00:05
Markus, he managed Christo unbelievably well. He really did.