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Very rich, multinational conglomerate established in Stellenbosch
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Steinheist

Very rich, multinational conglomerateestablished in Stellenbosch

very rich, multinational conglomerate
established in Stellenbosch

Full Transcript

00:00:01.000 --> 00:00:05.088
very rich, multinational conglomerate established in Stellenbosch.
Duration
6 seconds
Views
21
Timestamp in Movie
01:00:35
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 And we had to help the company to survive. - Steinheist 00:05
And we had to help the company to survive.
S01 • E01 My involvement with Steinhoff was sometime in May 2015. - Steinheist 00:05
My involvement with Steinhoff was sometime in May 2015.
S01 • E02 So the board is now in panic stations. - Steinheist 00:10
So the board is now in panic stations.
S01 • E01 When Markus called me fairly out of the blue and says, - Steinheist 00:16
When Markus called me fairly out of the blue and says,
S01 • E03 Money and status does not change people. - Steinheist 00:12
Money and status does not change people.
S01 • E02 Why did so many people seem to not see the red flags? - Steinheist 00:06
Why did so many people seem to not see the red flags?
S01 • E02 This company was massively successful where it mattered on the numbers. - Steinheist 00:06
This company was massively successful where it mattered on t...
S01 • E03 You know, you don't find people suddenly becoming corrupt - Steinheist 00:06
You know, you don't find people suddenly becoming corru...
S01 • E02 I mean, the share price up until 2017, - Steinheist 00:07
I mean, the share price up until 2017,
S01 • E01 And I'm on record to say that he's a bit of a sneaky character. - Steinheist 00:05
And I'm on record to say that he's a bit of a snea...
S01 • E03 It's really a trajectory, where, from early on, - Steinheist 00:20
It's really a trajectory, where, from early on,
S01 • E01 And, I mean there are a couple sort of, I think, truisms in investments. - Steinheist 00:05
And, I mean there are a couple sort of, I think, truisms in ...
S01 • E02 People who weren't invested in Steinhoff - Steinheist 00:05
People who weren't invested in Steinhoff
S01 • E01 Never invest in aeroplane companies, never into furniture manufacturers. - Steinheist 00:06
Never invest in aeroplane companies, never into furniture ma...
S01 • E01 So he was actually quite upset with me that the big Markus Jooste from Pretoria - Steinheist 00:09
So he was actually quite upset with me that the big Markus J...
S01 • E03 The evidence is just so overwhelming - Steinheist 00:14
The evidence is just so overwhelming
S01 • E01 He says, "Thys, we currently, as Steinhoff, own 20% in PSG, - Steinheist 00:14
He says, "Thys, we currently, as Steinhoff, own 20% in ...
S01 • E03 They said they're very confident they're... - Steinheist 00:05
They said they're very confident they're...
S01 • E01 I then swapped my PSGs for Steinhoff. - Steinheist 00:05
I then swapped my PSGs for Steinhoff.
S01 • E03 But I mean, "soon" for the police might be in six months' time. - Steinheist 00:05
But I mean, "soon" for the police might be in six ...