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This old boys club around Steinhoff, you know
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Steinheist

This old boys club aroundSteinhoff, you know, separate from the Stellenbosch...So-called...

This old boys club around
Steinhoff, you know, separate from the Stellenbosch...
So-called Stellenbosch Mafia, but inside of Steinhoff

Full Transcript

00:00:01.000 --> 00:00:04.198
This old boys club around Steinhoff, you know,
00:00:04.199 --> 00:00:06.798
separate from the Stellenbosch... So-called Stellenbosch Mafia,
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but inside of Steinhoff...
Duration
9 seconds
Views
22
Timestamp in Movie
00:45:01
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 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.
S01 • E03 Because we treat the public sector with that kind of outlook. - Steinheist 00:05
Because we treat the public sector with that kind of outlook...
S01 • E01 Women were often the target of derogatory statements. - Steinheist 00:05
Women were often the target of derogatory statements.
S01 • E02 It looked like Steinhoff had become a house of cards. - Steinheist 00:08
It looked like Steinhoff had become a house of cards.
S01 • E03 So I'm just saying, it can't be different strokes for different folks. - Steinheist 00:05
So I'm just saying, it can't be different strokes ...
S01 • E01 Women were not appreciated, really, other than for their beauty - Steinheist 00:07
Women were not appreciated, really, other than for their bea...
S01 • E03 That was the bracing reality, I think, for the country to realize after Steinhoff - Steinheist 00:12
That was the bracing reality, I think, for the country to re...
S01 • E01 So for somebody like me who comes in with a... - Steinheist 00:06
So for somebody like me who comes in with a...