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You have to understand why they're so upset
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Steinheist

You have to understandwhy they're so upset, why they're so frustrated. And it's not just...

You have to understand
why they're so upset, why they're so frustrated. And it's not just the
money that they've lost

Full Transcript

00:00:01.000 --> 00:00:05.358
You have to understand why they're so upset,
00:00:05.359 --> 00:00:07.319
why they're so frustrated.
00:00:07.032 --> 00:00:10.039
And it's not just the money that they've lost.
Duration
10 seconds
Views
42
Timestamp in Movie
00:25:32
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 And then flying around on a Jooste-sponsored jet - Steinheist 00:19
And then flying around on a Jooste-sponsored jet
S01 • E03 There's that personal self-belief that they've lost, - Steinheist 00:11
There's that personal self-belief that they've los...
S01 • E01 I was screwed over by Markus Jooste. There's no doubt. - Steinheist 00:05
I was screwed over by Markus Jooste. There's no doubt.
S01 • E03 Is there something wrong in my judgment?" - Steinheist 00:22
Is there something wrong in my judgment?"
S01 • E01 Markus was that kind of person, - Steinheist 00:12
Markus was that kind of person,
S01 • E02 And that's the way of the billionaire, I suppose. - Steinheist 00:05
And that's the way of the billionaire, I suppose.
S01 • E02 Private jets, polo clubs and blonde girlfriends. - Steinheist 00:06
Private jets, polo clubs and blonde girlfriends.
S01 • E02 This is kind of everything that is wrong with our society. - Steinheist 00:04
This is kind of everything that is wrong with our society.
S01 • E01 He wanted to be somebody whose legacy was unquestionable. - Steinheist 00:06
He wanted to be somebody whose legacy was unquestionable.
S01 • E02 We have two worlds you know, we have the one of the 1%, - Steinheist 00:28
We have two worlds you know, we have the one of the 1%,
S01 • E03 Steinhoff changed its year end during the preceding years, - Steinheist 00:14
Steinhoff changed its year end during the preceding years,
S01 • E01 The Gommagomma Group, as we started out as, was a very small entity, - Steinheist 00:09
The Gommagomma Group, as we started out as, was a very small...
S01 • E01 But the acquisition of Pat Cornick was basically - Steinheist 00:10
But the acquisition of Pat Cornick was basically
S01 • E03 Which also made it very difficult - Steinheist 00:20
Which also made it very difficult
S01 • E01 Bringing together manufacturers was critical, was good, important and timely. - Steinheist 00:13
Bringing together manufacturers was critical, was good, impo...
S01 • E02 I guess for Markus it was that he became used to the money. - Steinheist 00:05
I guess for Markus it was that he became used to the money.
S01 • E03 Steinhoff is a big company, it's a complex company, it's got a lot of moving parts. - Steinheist 00:06
Steinhoff is a big company, it's a complex company, it&...
S01 • E02 And so, as he got all this money, it became... - Steinheist 00:05
And so, as he got all this money, it became...
S01 • E01 Thabo Mbeki called upon black South Africans to go into business - Steinheist 00:17
Thabo Mbeki called upon black South Africans to go into busi...
S01 • E03 Maybe it was just a way to simplify things, - Steinheist 00:09
Maybe it was just a way to simplify things,