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Yes, I do think Steinhoff is on a path to recovery
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Steinheist

Yes, I do think Steinhoffis on a path to recovery. It's gonna be a bumpy path. There was...

Yes, I do think Steinhoff
is on a path to recovery. It's gonna be a bumpy path. There was definitely a probability
that Steinhoff would be liquidated

Full Transcript

00:00:01.000 --> 00:00:04.159
Yes, I do think Steinhoff is on a path to recovery.
00:00:04.016 --> 00:00:05.599
It's gonna be a bumpy path.
00:00:05.006 --> 00:00:08.008
There was definitely a probability that Steinhoff would be liquidated.
Duration
9 seconds
Views
17
Timestamp in Movie
00:52:22
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 • E02 Not resign, and help people sort out the mess." - Steinheist 00:13
Not resign, and help people sort out the mess."
S01 • E03 It would cease to exist, - Steinheist 00:07
It would cease to exist,
S01 • E03 Debt holders would lose a large chunk of their investment. - Steinheist 00:06
Debt holders would lose a large chunk of their investment.
S01 • E03 So the new management team that was brought in - Steinheist 00:10
So the new management team that was brought in
S01 • E01 And two years later Steinhoff decides, - Steinheist 00:10
And two years later Steinhoff decides,
S01 • E02 - That's the last time you spoke to him? - Last time I spoke to him. - Steinheist 00:04
- That's the last time you spoke to him? - Last time I ...
S01 • E03 We've changed the business model significantly. - Steinheist 00:09
We've changed the business model significantly.
S01 • E01 The question then becomes, "Who owns Fihag?" - Steinheist 00:17
The question then becomes, "Who owns Fihag?"
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",