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There were smaller guys, various investors
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Steinheist

There were smallerguys, various investors, that swapped a stake in a fast-growingcompany...

There were smaller
guys, various investors, that swapped a stake in a fast-growing
company with good prospects for something that ultimately
turned out to be a mirage

Full Transcript

00:00:01.000 --> 00:00:02.092
There were smaller guys, various investors,
00:00:02.921 --> 00:00:06.064
that swapped a stake in a fast-growing company with good prospects
00:00:06.641 --> 00:00:09.361
for something that ultimately turned out to be a mirage.
Duration
9 seconds
Views
29
Timestamp in Movie
00:08:46
Uploaded
Apr 30, 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 And if the analysis that was done made it easier to believe, - Steinheist 00:08
And if the analysis that was done made it easier to believe,
S01 • E03 So, a lot of the guys who had shares in this growing company - Steinheist 00:06
So, a lot of the guys who had shares in this growing company
S01 • E01 So Stellenbosch is one of the oldest towns in South Africa. - Steinheist 00:19
So Stellenbosch is one of the oldest towns in South Africa.
S01 • E03 In total I lost quite a few million from Steinhoff, which is really a lot of money. - Steinheist 00:07
In total I lost quite a few million from Steinhoff, which is...
S01 • E03 Hard-earned money that my wife and I worked for in our various businesses - Steinheist 00:10
Hard-earned money that my wife and I worked for in our vario...
S01 • E02 I believed Steinhoff was a great company. - Steinheist 00:05
I believed Steinhoff was a great company.
S01 • E02 And I read a lot of analyst reports which analysed Steinhoff and recommended a buy. - Steinheist 00:07
And I read a lot of analyst reports which analysed Steinhoff...
S01 • E03 When things go wrong, it's human nature to play the blame game. - Steinheist 00:05
When things go wrong, it's human nature to play the bla...
S01 • E01 It's the place where Afrikaner nationalism, - Steinheist 00:09
It's the place where Afrikaner nationalism,
S01 • E01 And then, post 1994, - Steinheist 00:09
And then, post 1994,
S01 • E03 Questions have been asked about - Steinheist 00:09
Questions have been asked about
S01 • E03 These are the kind of people who we, as the public, - Steinheist 00:07
These are the kind of people who we, as the public,
S01 • E01 You know, it's so much easier to do business - Steinheist 00:14
You know, it's so much easier to do business
S01 • E03 It's not only Christo Wiese and the board and the auditors. - Steinheist 00:12
It's not only Christo Wiese and the board and the audit...
S01 • E02 I know several of the board that served at that time personally. - Steinheist 00:06
I know several of the board that served at that time persona...
S01 • E02 You know, Johan Van Zyl did phenomenal work at Sanlam. - Steinheist 00:26
You know, Johan Van Zyl did phenomenal work at Sanlam.
S01 • E01 But it's also an example of a town where, you know, the ultra-rich - Steinheist 00:08
But it's also an example of a town where, you know, the...
S01 • E03 The PIC is then actually the main investment agency - Steinheist 00:10
The PIC is then actually the main investment agency
S01 • E01 So, the town of Stellenbosch carries the very visible scars - Steinheist 00:16
So, the town of Stellenbosch carries the very visible scars
S01 • E03 And all people working for the government, the state officials, - Steinheist 00:23
And all people working for the government, the state officia...