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What happened at Steinhoff, did it hit you financially?
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Steinheist

What happened at Steinhoff,did it hit you financially? It was very bad. Everything isgone....

What happened at Steinhoff,
did it hit you financially? It was very bad. Everything is
gone. The big money is gone

Full Transcript

00:00:01.000 --> 00:00:03.879
What happened at Steinhoff, did it hit you financially?
00:00:03.088 --> 00:00:08.028
It was very bad. Everything is gone. The big money is gone.
Duration
8 seconds
Views
31
Timestamp in Movie
00:13:43
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 Not only was he financially savvy, - Steinheist 00:05
Not only was he financially savvy,
S01 • E01 So his intelligence was also a social intelligence - Steinheist 00:10
So his intelligence was also a social intelligence
S01 • E03 So that was an absolute uncomfortable for me - Steinheist 00:08
So that was an absolute uncomfortable for me
S01 • E02 Every problem that any of the business units had - Steinheist 00:18
Every problem that any of the business units had
S01 • E03 For me Steinhoff is finished, I have nothing to do with that. - Steinheist 00:05
For me Steinhoff is finished, I have nothing to do with that...
S01 • E01 So, after studying at university, Markus went to the Revenue Service. - Steinheist 00:08
So, after studying at university, Markus went to the Revenue...
S01 • E03 You see, with my business I was never home - Steinheist 00:09
You see, with my business I was never home
S01 • E02 A profitable situation when you're actually making a loss. - Steinheist 00:05
A profitable situation when you're actually making a lo...
S01 • E01 That is one of the options you had. Instead of doing national service - Steinheist 00:08
That is one of the options you had. Instead of doing nationa...
S01 • E03 I think that is the truth. But now that time is over. Now I have time enough. - Steinheist 00:07
I think that is the truth. But now that time is over. Now I ...
S01 • E01 And I think that that gave him great insights into how tax works - Steinheist 00:20
And I think that that gave him great insights into how tax w...
S01 • E02 The auditors were mainly working out of Stellenbosch. - Steinheist 00:13
The auditors were mainly working out of Stellenbosch.
S01 • E03 And I'm a happy man with 85 years to survive. - Steinheist 00:06
And I'm a happy man with 85 years to survive.
S01 • E03 I want to have friendship or to stay with people together. - Steinheist 00:04
I want to have friendship or to stay with people together.
S01 • E03 That is the end of my life. - Steinheist 00:09
That is the end of my life.
S01 • E02 And that was part of the reason, in my mind at least, - Steinheist 00:07
And that was part of the reason, in my mind at least,
S01 • E03 I only know that in South Africa, all the big MDs in these companies, - Steinheist 00:10
I only know that in South Africa, all the big MDs in these c...
S01 • E01 And it would seem that that relates to his early exposure to the revenue authority. - Steinheist 00:06
And it would seem that that relates to his early exposure to...
S01 • E02 Throughout the latter part of his career, he must've been scared - Steinheist 00:11
Throughout the latter part of his career, he must've be...
S01 • E01 After that, he didn't want to work for other people, - Steinheist 00:05
After that, he didn't want to work for other people,