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They were drinking the Kool-Aid brandy of this particular event
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Steinheist

They were drinking the Kool-Aidbrandy of this particular event

They were drinking the Kool-Aid
brandy of this particular event

Full Transcript

00:00:01.000 --> 00:00:04.557
They were drinking the Kool-Aid brandy of this particular event.
Duration
5 seconds
Views
20
Timestamp in Movie
00:44:46
Uploaded
Apr 29, 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, I decided because of those red flags, to short the share. - Steinheist 00:05
So, I decided because of those red flags, to short the share...
S01 • E01 And it allowed people to - Steinheist 00:07
And it allowed people to
S01 • E03 I think in distancing himself when working with other people's money, - Steinheist 00:07
I think in distancing himself when working with other people...
S01 • E02 There were too many things that they were doing that were uncomfortable. - Steinheist 00:07
There were too many things that they were doing that were un...
S01 • E01 But I think the boys club in Steinhoff is something that needs to be pointed out. - Steinheist 00:08
But I think the boys club in Steinhoff is something that nee...
S01 • E03 For that reason, it might be hard for him to conceptualize - Steinheist 00:07
For that reason, it might be hard for him to conceptualize
S01 • E01 This old boys club around Steinhoff, you know, - Steinheist 00:09
This old boys club around Steinhoff, you know,
S01 • E02 It wasn't generating cashflows. - Steinheist 00:28
It wasn't generating cashflows.
S01 • E01 The way in which Jooste was just trusted blindly, - Steinheist 00:11
The way in which Jooste was just trusted blindly,
S01 • E03 You know, psychologists talk about sociopaths - Steinheist 00:12
You know, psychologists talk about sociopaths
S01 • E01 For example, taking a whole host of friends and... - Steinheist 00:06
For example, taking a whole host of friends and...
S01 • E03 And they know how to manipulate others who are close to them and around them - Steinheist 00:11
And they know how to manipulate others who are close to them...
S01 • E01 And hangers-on and acolytes to the 2015 Rugby World Cup in London. - Steinheist 00:08
And hangers-on and acolytes to the 2015 Rugby World Cup in L...
S01 • E01 And having the company pay for that and absolutely indulging - Steinheist 00:16
And having the company pay for that and absolutely indulging
S01 • E02 Then there was a German regulator who stepped in and said there were tax issues. - Steinheist 00:06
Then there was a German regulator who stepped in and said th...
S01 • E03 I don't feel sympathetic towards him at all. - Steinheist 00:17
I don't feel sympathetic towards him at all.
S01 • E02 That also kind of said, "Hey, maybe we're not wrong." - Steinheist 00:22
That also kind of said, "Hey, maybe we're not wron...
S01 • E01 And so, the culture was specifically very patriarchal, very Afrikaner, - Steinheist 00:14
And so, the culture was specifically very patriarchal, very ...
S01 • E03 One mistake we must not make is to call these accounting irregularities - Steinheist 00:14
One mistake we must not make is to call these accounting irr...
S01 • E02 And we sold it completely. That was 30th of September 2017. - Steinheist 00:06
And we sold it completely. That was 30th of September 2017.