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You know, until a few months before the collapse
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Steinheist

You know, until a fewmonths before the collapse, Steinhoff still had aninvestment-grade...

You know, until a few
months before the collapse, Steinhoff still had an
investment-grade rating

Full Transcript

00:00:01.000 --> 00:00:03.096
You know, until a few months before the collapse,
00:00:03.961 --> 00:00:07.239
Steinhoff still had an investment-grade rating.
Duration
7 seconds
Views
22
Timestamp in Movie
00:22:23
Uploaded
Apr 29, 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 Most of our businesses have also had resilient performances. - Steinheist 00:05
Most of our businesses have also had resilient performances.
S01 • E03 He got through all those gatekeepers. - Steinheist 00:04
He got through all those gatekeepers.
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
S01 • E03 When those people who were there for years, they never saw it. - Steinheist 00:06
When those people who were there for years, they never saw i...
S01 • E03 Should I have said, "No, no, no. I don't trust all these auditors. - Steinheist 00:07
Should I have said, "No, no, no. I don't trust all...
S01 • E02 I spoke to Christo Wiese. I said, "You know what? He's a bully." - Steinheist 00:13
I spoke to Christo Wiese. I said, "You know what? He�...
S01 • E01 When you look back on it and you were analysing it - Steinheist 00:19
When you look back on it and you were analysing it
S01 • E03 Why did it never happen in 50 years in my other businesses? - Steinheist 00:06
Why did it never happen in 50 years in my other businesses?
S01 • E02 Yeah, we went on a few... - Steinheist 00:05
Yeah, we went on a few...
S01 • E01 For instance his purchase of Pat Cornick, - Steinheist 00:12
For instance his purchase of Pat Cornick,
S01 • E02 Now, you know, that's when you really get to know people, - Steinheist 00:13
Now, you know, that's when you really get to know peopl...
S01 • E03 There was a long history of the Steinhoff management team - Steinheist 00:19
There was a long history of the Steinhoff management team
S01 • E01 They started talking to me - Steinheist 00:11
They started talking to me
S01 • E02 But there was nothing that he did that appeared to upset me. - Steinheist 00:05
But there was nothing that he did that appeared to upset me.
S01 • E01 Bruno Steinhoff was there. I met him. - Steinheist 00:19
Bruno Steinhoff was there. I met him.
S01 • E03 No company wants to have liabilities that negatively affect its bottom line, - Steinheist 00:09
No company wants to have liabilities that negatively affect ...
S01 • E02 But my impression was that it was very difficult for people to challenge him. - Steinheist 00:06
But my impression was that it was very difficult for people ...
S01 • E03 They're called off balance sheet transactions, an accounting loophole - Steinheist 00:10
They're called off balance sheet transactions, an accou...
S01 • E02 I think Markus Jooste was too crass. I think he was too gruff. - Steinheist 00:06
I think Markus Jooste was too crass. I think he was too gruf...