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We've changed the business model significantly
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Steinheist

We've changed the businessmodel significantly. In some instances bynecessity, in others by...

We've changed the business
model significantly. In some instances by
necessity, in others by design

Full Transcript

00:00:01.000 --> 00:00:04.198
We've changed the business model significantly.
00:00:04.199 --> 00:00:09.439
In some instances by necessity, in others by design.
Duration
9 seconds
Views
19
Timestamp in Movie
00:52:48
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 • E03 We believe everyone and anyone who has a share in this company today - Steinheist 00:14
We believe everyone and anyone who has a share in this compa...
S01 • E01 It's a curious related-party deal. How did this happen? - Steinheist 00:04
It's a curious related-party deal. How did this happen?
S01 • E02 That night, a couple of hours later, - Steinheist 00:10
That night, a couple of hours later,
S01 • E03 And I think the share price is definitely recovered somewhat. - Steinheist 00:07
And I think the share price is definitely recovered somewhat...
S01 • E01 Money flows from one company to another, and that's fine... - Steinheist 00:05
Money flows from one company to another, and that's fin...
S01 • E03 It's definitely not at the levels that it was in December 2017. - Steinheist 00:06
It's definitely not at the levels that it was in Decemb...
S01 • E03 But that's now behind us. - Steinheist 00:16
But that's now behind us.
S01 • E01 The thing is, the CEO of an acquiring company - Steinheist 00:08
The thing is, the CEO of an acquiring company
S01 • E02 There was this red headline over the screen, - Steinheist 00:17
There was this red headline over the screen,
S01 • E01 And if he doesn't disclose it, he might use his influence - Steinheist 00:08
And if he doesn't disclose it, he might use his influen...
S01 • E03 What makes me more despondent is the fact that there's so little progress - Steinheist 00:06
What makes me more despondent is the fact that there's ...
S01 • E01 He would be what is known as a "related party", - Steinheist 00:13
He would be what is known as a "related party",
S01 • E03 I don't believe the Hawks have started their investigation yet. - Steinheist 00:04
I don't believe the Hawks have started their investigat...
S01 • E02 Because you don't think that a company of that size - Steinheist 00:08
Because you don't think that a company of that size
S01 • E03 Does the NPA have the capacity to successfully prosecute billionaires - Steinheist 00:17
Does the NPA have the capacity to successfully prosecute bil...
S01 • E01 This type of related-party transaction is how Markus Jooste - Steinheist 00:13
This type of related-party transaction is how Markus Jooste
S01 • E02 There's no way this guy that I'd known for 15 years... - Steinheist 00:04
There's no way this guy that I'd known for 15 year...
S01 • E02 He's done what he appears to have done. - Steinheist 00:04
He's done what he appears to have done.
S01 • E03 If you basically defraud a company of R100 billion, you don't go to jail. - Steinheist 00:05
If you basically defraud a company of R100 billion, you don&...
S01 • E03 If Markus Jooste and his accomplices were in fact prosecuted and convicted, - Steinheist 00:10
If Markus Jooste and his accomplices were in fact prosecuted...