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Steinheist

"they" being theexecutive in Steinhoff, they would like to invite me tobecome a member of...

"they" being the
executive in Steinhoff, they would like to invite me to
become a member of the board

Full Transcript

00:00:01.000 --> 00:00:03.997
"they" being the executive in Steinhoff,
00:00:03.998 --> 00:00:08.518
they would like to invite me to become a member of the board.
Duration
9 seconds
Views
17
Timestamp in Movie
00:35:34
Uploaded
Apr 30, 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 So it's almost as if the more power and status and money you get, - Steinheist 00:07
So it's almost as if the more power and status and mone...
S01 • E01 And that's how I got on the board in 2013. - Steinheist 00:13
And that's how I got on the board in 2013.
S01 • E03 And the money that was there - Steinheist 00:09
And the money that was there
S01 • E02 The stakes almost get higher. - Steinheist 00:13
The stakes almost get higher.
S01 • E01 Markus only had about 4% of the shares, but he acted as if it was his company. - Steinheist 00:06
Markus only had about 4% of the shares, but he acted as if i...
S01 • E03 There is a small chance that the public - Steinheist 00:07
There is a small chance that the public
S01 • E02 You know, as much as he was climbing a ladder, what he would've needed - Steinheist 00:18
You know, as much as he was climbing a ladder, what he would...
S01 • E03 The Standing Committee on Finance has taken a draft resolution - Steinheist 00:08
The Standing Committee on Finance has taken a draft resoluti...
S01 • E01 And he actually appointed the board members. - Steinheist 00:10
And he actually appointed the board members.
S01 • E01 Markus hand-picked the board members, and obviously lured them for money and fame. - Steinheist 00:06
Markus hand-picked the board members, and obviously lured th...
S01 • E02 He issued a lot of shares to pay for those companies. - Steinheist 00:06
He issued a lot of shares to pay for those companies.
S01 • E03 Do you swear that the evidence you are about to give - Steinheist 00:07
Do you swear that the evidence you are about to give
S01 • E02 And yeah, there were definitely some eyebrows raised about the transaction. - Steinheist 00:06
And yeah, there were definitely some eyebrows raised about t...
S01 • E01 Not that many of them actually needed the money, - Steinheist 00:10
Not that many of them actually needed the money,
S01 • E02 But again, Markus Jooste was one of the top dealmakers. - Steinheist 00:06
But again, Markus Jooste was one of the top dealmakers.
S01 • E01 Some of the most eminent, successful people in South African business - Steinheist 00:09
Some of the most eminent, successful people in South African...
S01 • E03 I thought it important to share with the honourable committees here today - Steinheist 00:15
I thought it important to share with the honourable committe...
S01 • E02 Now, that that's not something that people just say, it's actually real. - Steinheist 00:05
Now, that that's not something that people just say, it...
S01 • E02 If you have debt, - Steinheist 00:06
If you have debt,
S01 • E01 Markus was able to attract - Steinheist 00:22
Markus was able to attract