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We approached Steinhoff
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Steinheist

We approached Steinhoff, and Steinhoff referred us backto the legal opinion they had,...

We approached Steinhoff, and Steinhoff referred us back
to the legal opinion they had, that, "Listen, there's
nothing to be worried about." - Tax issues coming to the fore again.
- So let's get that on the table

Full Transcript

00:00:01.000 --> 00:00:03.119
We approached Steinhoff,
00:00:03.012 --> 00:00:06.479
and Steinhoff referred us back to the legal opinion they had,
00:00:06.048 --> 00:00:09.002
that, "Listen, there's nothing to be worried about."
00:00:09.681 --> 00:00:13.601
- Tax issues coming to the fore again. - So let's get that on the table.
Duration
15 seconds
Views
24
Timestamp in Movie
00:37:42
Uploaded
Apr 27, 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 This is an old issue - Steinheist 00:22
This is an old issue
S01 • E03 During 2015, Steinhoff learned - Steinheist 00:12
During 2015, Steinhoff learned
S01 • E01 They immediately started to sponsor, for example, the university's rugby club. - Steinheist 00:06
They immediately started to sponsor, for example, the univer...
S01 • E03 It was Steinhoff's and my view - Steinheist 00:21
It was Steinhoff's and my view
S01 • E01 In fact, the South African Sevens rugby team, - Steinheist 00:26
In fact, the South African Sevens rugby team,
S01 • E02 Not especially, - Steinheist 00:06
Not especially,
S01 • E02 They are quite adventurous by nature, but we generally are of the view - Steinheist 00:07
They are quite adventurous by nature, but we generally are o...
S01 • E03 Seifert is the one who is the arch villain in this particular picture - Steinheist 00:16
Seifert is the one who is the arch villain in this particula...
S01 • E02 Management teams always have an incentive - Steinheist 00:07
Management teams always have an incentive
S01 • E01 Markus had invested hundreds of millions of rands in horses. - Steinheist 00:15
Markus had invested hundreds of millions of rands in horses.
S01 • E03 And my discussion with Dr Wiese and the legal advisers - Steinheist 00:18
And my discussion with Dr Wiese and the legal advisers
S01 • E02 And I think it was Warren Buffett who said that a management team - Steinheist 00:09
And I think it was Warren Buffett who said that a management...
S01 • E02 I'm probably a sceptic at heart. - Steinheist 00:25
I'm probably a sceptic at heart.
S01 • E01 And even mid-level managers were driven around Stellenbosch - Steinheist 00:17
And even mid-level managers were driven around Stellenbosch
S01 • E03 And I made it very clear that if that is not the way the board would want to go, - Steinheist 00:10
And I made it very clear that if that is not the way the boa...
S01 • E03 We know the numbers which Christo reportedly lost - Steinheist 00:07
We know the numbers which Christo reportedly lost
S01 • E01 By and large, I think Stellenbosch was very much taken - Steinheist 00:10
By and large, I think Stellenbosch was very much taken
S01 • E03 What about you and your family trust and everything else? - Steinheist 00:04
What about you and your family trust and everything else?
S01 • E03 On what day do you want to take the share price? The day before the collapse? - Steinheist 00:05
On what day do you want to take the share price? The day bef...
S01 • E02 But in addition to that, a hedge fund seeks shares - Steinheist 00:08
But in addition to that, a hedge fund seeks shares