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Steinheist

"This is just a grudge by my formercolleague and my peer, Andreas Seifert, to make me look...

"This is just a grudge by my former
colleague and my peer, Andreas Seifert, to make me look bad." Now, that is a story that
doesn't appear to hold water

Full Transcript

00:00:01.000 --> 00:00:05.439
"This is just a grudge by my former colleague and my peer, Andreas Seifert,
00:00:05.044 --> 00:00:07.000
to make me look bad."
00:00:07.561 --> 00:00:11.361
Now, that is a story that doesn't appear to hold water.
Duration
11 seconds
Views
36
Timestamp in Movie
00:41:46
Uploaded
Apr 29, 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 • 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...
S01 • E02 There was always the feeling with Steinhoff - Steinheist 00:09
There was always the feeling with Steinhoff
S01 • E03 You know, you're coming across - Steinheist 00:07
You know, you're coming across
S01 • E02 If your name was not on the door, you'd not get into the results presentation. - Steinheist 00:05
If your name was not on the door, you'd not get into th...
S01 • E01 I guess anyone can handle a non-venomous snake, - Steinheist 00:13
I guess anyone can handle a non-venomous snake,
S01 • E03 I can only say that I'm trying my best this morning to answer the questions - Steinheist 00:09
I can only say that I'm trying my best this morning to ...