Steinheist, Episode 5
Season 1, Episode 5
Watch Full Episodes of Steinheist Season 1
Steinhoff, once a small furniture company, has a meteoric rise under the leadership of charismatic accountant Markus Jooste. Soon enough, the CEO draws in huge investors and impresses analysts.
Steinhoff tries to overtake IKEA with impressive large deals, while Markus Jooste indulges in a billionaire lifestyle - until tax investigators lead to a twist that rocks the corporate world.
The abrupt resignation of CEO Markus Jooste and the catastrophic crash of Steinhoff leaves many across South Africa and the world baying for Jooste's blood.
The biggest corporate scandal in South African history, Steinhoff's fall, led to a loss of R200 billion.
Steinheist continues to untangle the story after Steinhoff's shareholders voted to dissolve the company and delist it from the Johannesburg and Frankfurt stock exchanges.
- Steinhoff CEO Markus Jooste got caught pulling the scam of the century. Follow the money in this Showmax Original documentary series that investigates the events leading to his suicide in 2024.
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