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This is kind of everything that is wrong with our society
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Steinheist

This is kind of everythingthat is wrong with our society

This is kind of everything
that is wrong with our society

Full Transcript

00:00:01.000 --> 00:00:04.002
This is kind of everything that is wrong with our society.
Duration
4 seconds
Views
23
Timestamp in Movie
00:26:08
Uploaded
Apr 29, 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 • E02 We have two worlds you know, we have the one of the 1%, - Steinheist 00:28
We have two worlds you know, we have the one of the 1%,
S01 • E03 Steinhoff changed its year end during the preceding years, - Steinheist 00:14
Steinhoff changed its year end during the preceding years,
S01 • E01 The Gommagomma Group, as we started out as, was a very small entity, - Steinheist 00:09
The Gommagomma Group, as we started out as, was a very small...
S01 • E01 But the acquisition of Pat Cornick was basically - Steinheist 00:10
But the acquisition of Pat Cornick was basically
S01 • E03 Which also made it very difficult - Steinheist 00:20
Which also made it very difficult
S01 • E01 Bringing together manufacturers was critical, was good, important and timely. - Steinheist 00:13
Bringing together manufacturers was critical, was good, impo...
S01 • E02 I guess for Markus it was that he became used to the money. - Steinheist 00:05
I guess for Markus it was that he became used to the money.
S01 • E03 Steinhoff is a big company, it's a complex company, it's got a lot of moving parts. - Steinheist 00:06
Steinhoff is a big company, it's a complex company, it&...
S01 • E02 And so, as he got all this money, it became... - Steinheist 00:05
And so, as he got all this money, it became...
S01 • E01 Thabo Mbeki called upon black South Africans to go into business - Steinheist 00:17
Thabo Mbeki called upon black South Africans to go into busi...
S01 • E03 Maybe it was just a way to simplify things, - Steinheist 00:09
Maybe it was just a way to simplify things,
S01 • E02 Stellenbosch, as a university town, is actually quite a humble non-flashy town. - Steinheist 00:06
Stellenbosch, as a university town, is actually quite a humb...
S01 • E01 And I went in there, idealistically thinking, - Steinheist 00:06
And I went in there, idealistically thinking,
S01 • E02 The, let's call it, the old money and the old hands in Stellenbosch - Steinheist 00:09
The, let's call it, the old money and the old hands in ...
S01 • E03 Auditors perform a public service. They operate in the public interest. - Steinheist 00:04
Auditors perform a public service. They operate in the publi...
S01 • E01 I was, and I admit this, - Steinheist 00:07
I was, and I admit this,
S01 • E03 And often auditors forget that they are there to protect the public. - Steinheist 00:06
And often auditors forget that they are there to protect the...
S01 • E02 And having lived here for 35 years, or close to 35 years, - Steinheist 00:09
And having lived here for 35 years, or close to 35 years,
S01 • E01 I was, you know... There was a period of growth for me, - Steinheist 00:07
I was, you know... There was a period of growth for me,
S01 • E03 They don't work for the directors of the company. - Steinheist 00:12
They don't work for the directors of the company.