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These intangible assets can be extremely valuable
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Steinheist

These intangible assetscan be extremely valuable, but the fair value has to beassessed to...

These intangible assets
can be extremely valuable, but the fair value has to be
assessed to ensure it's not inflated

Full Transcript

00:00:01.000 --> 00:00:04.076
These intangible assets can be extremely valuable,
00:00:04.761 --> 00:00:09.761
but the fair value has to be assessed to ensure it's not inflated.
Duration
10 seconds
Views
29
Timestamp in Movie
00:41:34
Uploaded
Apr 30, 2025
Season
1
Episode
2
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 Astute investors with the information we provide can easily - Steinheist 00:09
Astute investors with the information we provide can easily
S01 • E03 I'm not sure if Markus believes what he said entirely - Steinheist 00:09
I'm not sure if Markus believes what he said entirely
S01 • E02 So when Steinhoff went on a spending spree between 2004 and 2016, - Steinheist 00:19
So when Steinhoff went on a spending spree between 2004 and ...
S01 • E01 Anyone who is aggressive, who is... - Steinheist 00:05
Anyone who is aggressive, who is...
S01 • E03 "This is just a grudge by my former colleague and my peer, Andreas Seifert, - Steinheist 00:11
"This is just a grudge by my former colleague and my pe...
S01 • E01 Dominant in terms of where the company is going, - Steinheist 00:08
Dominant in terms of where the company is going,
S01 • E01 Markus often was self-deprecating at these presentations. - Steinheist 00:07
Markus often was self-deprecating at these presentations.
S01 • E02 Unitrans, HOMEstyle, ERM, - Steinheist 00:12
Unitrans, HOMEstyle, ERM,
S01 • E01 He would say things like, "I don't understand accounting. - Steinheist 00:05
He would say things like, "I don't understand acco...
S01 • E03 The fact is, a forensic audit of Steinhoff by PWC found 6.5 billion, - Steinheist 00:11
The fact is, a forensic audit of Steinhoff by PWC found 6.5 ...
S01 • E01 I'm not sure how this was all put together." - Steinheist 00:08
I'm not sure how this was all put together."
S01 • E02 Steinhoff paid R135 billion for these assets. - Steinheist 00:06
Steinhoff paid R135 billion for these assets.
S01 • E03 It's unlikely that a R106 billion in fictitious deals over ten years - Steinheist 00:10
It's unlikely that a R106 billion in fictitious deals o...
S01 • E01 Within corporate culture, - Steinheist 00:13
Within corporate culture,
S01 • E02 But while they would seem to make the company stronger, - Steinheist 00:09
But while they would seem to make the company stronger,
S01 • E03 I worked 29 years for this company every day of my life to build it, - Steinheist 00:12
I worked 29 years for this company every day of my life to b...
S01 • E02 Less than 2% of the value was therefore underpinned by something physical, - Steinheist 00:11
Less than 2% of the value was therefore underpinned by somet...
S01 • E01 "Snakes in Suits" is a term - Steinheist 00:17
"Snakes in Suits" is a term
S01 • E03 And therefore it saddened me what has happened to Steinhoff. - Steinheist 00:05
And therefore it saddened me what has happened to Steinhoff.
S01 • E03 It was a business creating more than a hundred thousand jobs. - Steinheist 00:05
It was a business creating more than a hundred thousand jobs...