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We did have the resources to go full steam ahead
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Steinheist

We did have the resourcesto go full steam ahead once we knew that what waspromised to us...

We did have the resources
to go full steam ahead once we knew that what was
promised to us wasn't what it was

Full Transcript

00:00:01.000 --> 00:00:05.044
We did have the resources to go full steam ahead
00:00:05.441 --> 00:00:10.000
once we knew that what was promised to us wasn't what it was.
Duration
10 seconds
Views
24
Timestamp in Movie
00:08:31
Uploaded
Apr 30, 2025
Season
1
Episode
3
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 • E01 Going to school in Stellenbosch, going to university in Stellenbosch, - Steinheist 00:15
Going to school in Stellenbosch, going to university in Stel...
S01 • E02 And Markus was flying the flag for South Africa in many ways. - Steinheist 00:15
And Markus was flying the flag for South Africa in many ways...
S01 • E01 So Stellenbosch’s role in the economy, - Steinheist 00:09
So Stellenbosch’s role in the economy,
S01 • E03 There were smaller guys, various investors, - Steinheist 00:09
There were smaller guys, various investors,
S01 • E02 And if the analysis that was done made it easier to believe, - Steinheist 00:08
And if the analysis that was done made it easier to believe,
S01 • E03 So, a lot of the guys who had shares in this growing company - Steinheist 00:06
So, a lot of the guys who had shares in this growing company
S01 • E01 So Stellenbosch is one of the oldest towns in South Africa. - Steinheist 00:19
So Stellenbosch is one of the oldest towns in South Africa.
S01 • E03 In total I lost quite a few million from Steinhoff, which is really a lot of money. - Steinheist 00:07
In total I lost quite a few million from Steinhoff, which is...
S01 • E03 Hard-earned money that my wife and I worked for in our various businesses - Steinheist 00:10
Hard-earned money that my wife and I worked for in our vario...
S01 • E02 I believed Steinhoff was a great company. - Steinheist 00:05
I believed Steinhoff was a great company.
S01 • E02 And I read a lot of analyst reports which analysed Steinhoff and recommended a buy. - Steinheist 00:07
And I read a lot of analyst reports which analysed Steinhoff...
S01 • E03 When things go wrong, it's human nature to play the blame game. - Steinheist 00:05
When things go wrong, it's human nature to play the bla...
S01 • E01 It's the place where Afrikaner nationalism, - Steinheist 00:09
It's the place where Afrikaner nationalism,
S01 • E01 And then, post 1994, - Steinheist 00:09
And then, post 1994,
S01 • E03 Questions have been asked about - Steinheist 00:09
Questions have been asked about
S01 • E03 These are the kind of people who we, as the public, - Steinheist 00:07
These are the kind of people who we, as the public,
S01 • E01 You know, it's so much easier to do business - Steinheist 00:14
You know, it's so much easier to do business
S01 • E03 It's not only Christo Wiese and the board and the auditors. - Steinheist 00:12
It's not only Christo Wiese and the board and the audit...
S01 • E02 I know several of the board that served at that time personally. - Steinheist 00:06
I know several of the board that served at that time persona...
S01 • E02 You know, Johan Van Zyl did phenomenal work at Sanlam. - Steinheist 00:26
You know, Johan Van Zyl did phenomenal work at Sanlam.