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We then pitched up at 8 o'clock the morning
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Steinheist

We then pitched up at8 o'clock the morning, only to be confronted by a veryaggressive and...

We then pitched up at
8 o'clock the morning, only to be confronted by a very
aggressive and angry Markus who basically read
us the riot act

Full Transcript

00:00:01.000 --> 00:00:03.072
We then pitched up at 8 o'clock the morning,
00:00:04.002 --> 00:00:08.076
only to be confronted by a very aggressive and angry Markus
00:00:09.024 --> 00:00:11.479
who basically read us the riot act.
Duration
11 seconds
Views
23
Timestamp in Movie
00:21:34
Uploaded
Apr 29, 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 • E01 Which essentially allows you capital, - Steinheist 00:15
Which essentially allows you capital,
S01 • E03 But what it cost also in reputational terms, - Steinheist 00:08
But what it cost also in reputational terms,
S01 • E02 That kind of became then a buzz amongst the staff - Steinheist 00:09
That kind of became then a buzz amongst the staff
S01 • E03 How would I explain getting lured into that trap? - Steinheist 00:06
How would I explain getting lured into that trap?
S01 • E03 Is I relied too much on other people's due diligence. - Steinheist 00:07
Is I relied too much on other people's due diligence.
S01 • E01 That's when the company becomes a public entity. - Steinheist 00:04
That's when the company becomes a public entity.
S01 • E02 What we do find with bullies is that they've often - Steinheist 00:12
What we do find with bullies is that they've often
S01 • E01 That's when it becomes more well-known. - Steinheist 00:10
That's when it becomes more well-known.
S01 • E03 Jooste, for a period of more than a decade, we now know, - Steinheist 00:12
Jooste, for a period of more than a decade, we now know,
S01 • E02 Those kinds of behaviours - Steinheist 00:15
Those kinds of behaviours
S01 • E03 He managed to get through the component auditors - Steinheist 00:07
He managed to get through the component auditors
S01 • E03 He got through the banks that lent him billions. - Steinheist 00:05
He got through the banks that lent him billions.
S01 • E01 Only available at PEP and Ackermans. - Steinheist 00:07
Only available at PEP and Ackermans.
S01 • E03 The institutional investors, the ratings agencies. - Steinheist 00:05
The institutional investors, the ratings agencies.
S01 • E02 So, for example, someone that was lower down in this in the hierarchy - Steinheist 00:14
So, for example, someone that was lower down in this in the ...
S01 • E03 You know, until a few months before the collapse, - Steinheist 00:07
You know, until a few months before the collapse,
S01 • E03 He got through all those gatekeepers. - Steinheist 00:04
He got through all those gatekeepers.
S01 • E01 Most of our businesses have also had resilient performances. - Steinheist 00:05
Most of our businesses have also had resilient performances.
S01 • E02 But someone that he needed to gain power or status from - Steinheist 00:09
But someone that he needed to gain power or status from
S01 • E01 I mean, the UK did well. So it shows - Steinheist 00:07
I mean, the UK did well. So it shows