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This was the elusive Holy Grail that Steinhoff was chasing
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Steinheist

This was the elusive Holy Grailthat Steinhoff was chasing, and Markus had his sightsfirmly...

This was the elusive Holy Grail
that Steinhoff was chasing, and Markus had his sights
firmly set on IKEA

Full Transcript

00:00:01.000 --> 00:00:04.199
This was the elusive Holy Grail that Steinhoff was chasing,
00:00:04.002 --> 00:00:07.119
and Markus had his sights firmly set on IKEA.
Duration
7 seconds
Views
21
Timestamp in Movie
00:47:20
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 Steve Booysen, - Steinheist 00:06
Steve Booysen,
S01 • E02 Just give them the evidence, let's get this done." - Steinheist 00:06
Just give them the evidence, let's get this done."
S01 • E02 But Deloitte is adamant, "We're not gonna sign off on the financials - Steinheist 00:06
But Deloitte is adamant, "We're not gonna sign off...
S01 • E01 And that lay behind a lot of the deals they did in Europe. - Steinheist 00:04
And that lay behind a lot of the deals they did in Europe.
S01 • E01 They brought Conforama, this French retail chain. - Steinheist 00:16
They brought Conforama, this French retail chain.
S01 • E03 We've seen Tongaat Hulett, we've seen VBS Mutual Bank and a number of other ones - Steinheist 00:13
We've seen Tongaat Hulett, we've seen VBS Mutual B...
S01 • E02 The auditors say to Christo Wiese, - Steinheist 00:17
The auditors say to Christo Wiese,
S01 • E03 Because many of these accounting firms not only aided and abetted state capture, - Steinheist 00:25
Because many of these accounting firms not only aided and ab...
S01 • E02 I said, "But you signed off on all these points last year, - Steinheist 00:15
I said, "But you signed off on all these points last ye...
S01 • E01 And the acquisition trail, if anything, was going to only hot up. - Steinheist 00:04
And the acquisition trail, if anything, was going to only ho...
S01 • E01 But a lot of analysts and a lot of the investment community - Steinheist 00:06
But a lot of analysts and a lot of the investment community
S01 • E02 I've given them all the information. Just relax. It's not like that." - Steinheist 00:22
I've given them all the information. Just relax. It...
S01 • E01 We did have some clients that did question us quite heavily. - Steinheist 00:06
We did have some clients that did question us quite heavily.
S01 • E03 So trust in our institutions starts eroding. - Steinheist 00:04
So trust in our institutions starts eroding.
S01 • E01 In the end, we turned around and said to clients, - Steinheist 00:34
In the end, we turned around and said to clients,
S01 • E03 And, you know, and when that happens, - Steinheist 00:09
And, you know, and when that happens,
S01 • E03 If Bain &ampamp; Company can do it, why can't I? - Steinheist 00:04
If Bain &ampamp; Company can do it, why can't I?
S01 • E02 And he said he's going to Germany, - Steinheist 00:07
And he said he's going to Germany,
S01 • E03 It was multiple systems failure. - Steinheist 00:15
It was multiple systems failure.
S01 • E02 Obviously, he is a very, very smart operator, and with nerves of steel. - Steinheist 00:06
Obviously, he is a very, very smart operator, and with nerve...