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Then it is roughly about R3 billion
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Steinheist

Then it is roughlyabout R3 billion

Then it is roughly
about R3 billion

Full Transcript

00:00:01.000 --> 00:00:04.012
Then it is roughly about R3 billion.
Duration
4 seconds
Views
19
Timestamp in Movie
00:39:24
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 • E03 I would imagine that if I was going to be losing R3 billion, - Steinheist 00:15
I would imagine that if I was going to be losing R3 billion,
S01 • E01 They didn't really query Jooste. - Steinheist 00:15
They didn't really query Jooste.
S01 • E02 In horse racing, people generally bet on the horse they think will win. - Steinheist 00:06
In horse racing, people generally bet on the horse they thin...
S01 • E03 You literally, with all due respect, sir, threw your toys out the cot. - Steinheist 00:05
You literally, with all due respect, sir, threw your toys ou...
S01 • E02 However, you can also bet on that horse losing the race. - Steinheist 00:06
However, you can also bet on that horse losing the race.
S01 • E02 Maybe you've learned something that tells you the horse will struggle. - Steinheist 00:04
Maybe you've learned something that tells you the horse...
S01 • E01 Certainly not regulatory authorities, certainly not his board, - Steinheist 00:12
Certainly not regulatory authorities, certainly not his boar...
S01 • E03 I went through a two-and-a-half-year period, - Steinheist 00:16
I went through a two-and-a-half-year period,
S01 • E02 And if that horse comes last, you'll win your bet. - Steinheist 00:05
And if that horse comes last, you'll win your bet.
S01 • E02 Maybe you have information that the company's financial position - Steinheist 00:09
Maybe you have information that the company's financial...
S01 • E01 If someone like that sweeps into town and brings with him prosperity and wealth, - Steinheist 00:09
If someone like that sweeps into town and brings with him pr...
S01 • E03 And my personal view was - Steinheist 00:13
And my personal view was
S01 • E02 So you decide to take a short position... - Steinheist 00:15
So you decide to take a short position...
S01 • E01 I had a very negative view on Steinhoff and others didn’t. - Steinheist 00:06
I had a very negative view on Steinhoff and others didn’t.
S01 • E01 It's very easy to drink the Kool-Aid that gets put out there - Steinheist 00:08
It's very easy to drink the Kool-Aid that gets put out ...
S01 • E03 Why will it be completed quicker than two years - Steinheist 00:06
Why will it be completed quicker than two years
S01 • E02 When the information hits the media and the share price drops, - Steinheist 00:19
When the information hits the media and the share price drop...
S01 • E03 And therefore, I knew that the company will be left - Steinheist 00:11
And therefore, I knew that the company will be left
S01 • E01 Would you call yourself a typical finance guy? - Steinheist 00:07
Would you call yourself a typical finance guy?
S01 • E01 I think what's very important as an analyst is always to - Steinheist 00:07
I think what's very important as an analyst is always t...