To watch in HD, get ClipCafe PRO
They don't work for the directors of the company
Please log in to add to collections.
Steinheist

They don't work for thedirectors of the company. In fact, they should reportback to the...

They don't work for the
directors of the company. In fact, they should report
back to the investors that management is performing
their functions properly

Full Transcript

00:00:01.000 --> 00:00:04.559
They don't work for the directors of the company.
00:00:04.056 --> 00:00:07.918
In fact, they should report back to the investors
00:00:07.919 --> 00:00:12.438
that management is performing their functions properly.
Duration
12 seconds
Views
26
Timestamp in Movie
00:27:21
Uploaded
Apr 29, 2025
Season
1
Episode
3
Genres
documentary, crime
Production
IdeaCandy

Want This Clip in HD?

Upgrade for HD/4K downloads and unlimited access. Upgrade now →

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 obviously, when you arrive with the sort of noise - Steinheist 00:17
And obviously, when you arrive with the sort of noise
S01 • E03 It's still the responsibility of the management - Steinheist 00:14
It's still the responsibility of the management
S01 • E01 Yeah look, Markus was inspirational in many ways. - Steinheist 00:04
Yeah look, Markus was inspirational in many ways.
S01 • E01 I mean, I looked up to him for many years - Steinheist 00:17
I mean, I looked up to him for many years
S01 • E02 And that's when the whole sort of, let's call it - Steinheist 00:08
And that's when the whole sort of, let's call it
S01 • E02 Clearly there's legitimate new money and then there is fraudulent new money. - Steinheist 00:06
Clearly there's legitimate new money and then there is ...
S01 • E03 And an audit cannot take away those responsibilities. - Steinheist 00:30
And an audit cannot take away those responsibilities.
S01 • E02 Old money certainly doesn't shimmer, whereas new money in Stellenbosch - Steinheist 00:08
Old money certainly doesn't shimmer, whereas new money ...
S01 • E01 One of the stories about the culture of Steinhoff at the time was trust. - Steinheist 00:04
One of the stories about the culture of Steinhoff at the tim...
S01 • E01 Everything was about trust. Deals were done on a handshake. - Steinheist 00:05
Everything was about trust. Deals were done on a handshake.
S01 • E02 There is a house where the owner installed Perspex garage gates - Steinheist 00:12
There is a house where the owner installed Perspex garage ga...
S01 • E01 They were not this massive volume of paper that you get with most transactions. - Steinheist 00:05
They were not this massive volume of paper that you get with...
S01 • E01 The insiders talk about how trust was the most fundamental part of the company. - Steinheist 00:05
The insiders talk about how trust was the most fundamental p...
S01 • E01 And that's partly why the relationship with Bruno and Markus - Steinheist 00:06
And that's partly why the relationship with Bruno and M...
S01 • E01 It wasn't one where you'd go and check the documents and emails you have - Steinheist 00:07
It wasn't one where you'd go and check the documen...
S01 • E02 You know, Jooste is not known for ploughing money into community projects - Steinheist 00:11
You know, Jooste is not known for ploughing money into commu...
S01 • E03 The fraud standard actually - Steinheist 00:24
The fraud standard actually
S01 • E01 So, the game changes for Steinhoff. They decide that conventionally - Steinheist 00:07
So, the game changes for Steinhoff. They decide that convent...
S01 • E02 Jooste wanted to sponsor the South African Sevens rugby team - Steinheist 00:17
Jooste wanted to sponsor the South African Sevens rugby team
S01 • E01 What they decide now is that it might be an opportune time - Steinheist 00:06
What they decide now is that it might be an opportune time