
Steinheist': Doccie dives into biggest corporate scam in SA history'Showmax's original Steinheist' explores the biggest corporate scam in South African history. Here's what we know
by Alicia Naidoo
23-09-2022 13:20
in Entertainment
Steinheist' explores the biggest corporate scam in SA history. Image: Supplied.
Steinheist, a new true crime documentary series about the biggest corporate scam in South African history, is now streaming on Showmax, with new episodes every Thursday until 6 October.
--
NEW TRUE CRIME DOCCIE STEINHEIST' Steinheist is made by Idea Candy, the producers of Devilsdorp. The record-breaking Showmax Original that won Best Made for TV Documentary at the 2022 South African Film and Television Awards (SAFTAs).
Once billed as the Ikea of Africa, - Steinhoff employed over 130 000 people on over 40 brands across four continents. Steinhoff-owned companies every South African will know include giants like Ackermans, Incredible Connection, Morkels, Pennypinchers, PEP, Russells, Tekkie Town, and Timbercity.
On 5 December 2017, CEO Markus Jooste resigned amid an investigation into accounting irregularities, and Steinhoff's share price plunged by 90% in a week. This wiped over R200 billion off Johannesburg's stock exchange, the JSE and off ordinary South Africans' pensions and investments.
--
As News24's assistant editor, Pieter du Toit, author of The Stellenbosch Mafia, says in the first episode, You don't think that a company of that size and that repute can crash so quickly.
The documentary has been receiving raving reviews.
ALSO READ: Blood Psalms': Mandisa Nduna on shape-shifting misfits
WATCH THE TRAILER HERE
THE RELEASE OF STEINHEIST' COMES AFTER THE JSE DISQUALIFIED BEN LA GRANGE Steinheist releases on Showmax just over a month after the JSE disqualified Ben la Grange from holding the office of a director or officer of a listed company for 10 years, imposing two separate fines of R1 million each on the man who was Jooste's chief financial officer at Steinhoff.
--
The JSE claimed la Grange had processed a fictitious handwritten invoice handed to him by Jooste for R376 million ( 23.5 million).
Government corruption has been widely publicised in South Africa. As well as explored in the likes of the Rehad Desai and Mark Kaplan's SAFTA-winning How To Steal A Country documentary, also on Showmax. Steinheist changes the focus onto the impact of corruption in the private sector.
I think the media tends to focus on holding politicians to account, but very few people hold corporations to account, said Financial Mail editor Rob Rose in the first episode.
A lot of corporate leaders do things that are completely outrageous. But because so few people study it and understand it, they get away with a lot that politicians don't get away with. So I've always been drawn to the stories of people like Markus Jooste. For a journalist, this was the story of a lifetime.
So what kind of person can pull off what Gregory calls a hundred-billion-rand lie that everyone bought a lie that was built across over two decades ? All the answers are revealed in the documentary!
Steinheist' explores the biggest corporate scam in SA history. Image: Supplied. ALSO READ: Binge worthy: Five SAFTA-winning shows to stream on Showmax
Are you a potjiekos champion? Celebrate Heritage Day at Hollywoodbets Durbanville - and WIN!
More from The South African
22/05/2024
Judge blocks auction of Elvis Presley's Graceland estateA judge in Tennessee has temporarily halted a foreclosure sale of Graceland, the historic home of El...
22/05/2024
Skeem Saam: Wednesday's episode, 22 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African so...
22/05/2024
Tonight's Scandal: Jojo draws a line in the sand and Phaka must make a decis...
22/05/2024
Tonight on House of Zwide: A costly request from Adani and Keletso, breaking the...
22/05/2024
Tonight on Smoke and Mirrors: Dikeledi's death at the hands of Mthetho leave...
22/05/2024
Skeem Saam: Tuesday's episode, 21 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soap...
22/05/2024
Shaka ILembe': Mzansi Magic denies food poisoning incident, confirms deathMzansi Magic has responded following reports that two Shaka ILembe' season tw...
22/05/2024
Bridgerton's third season sizzles with record-breaking viewership Bridgerton' Season 3 Part 1 shattered records with a staggering 45.1 million views wit...
22/05/2024
Tonight on Skeem Saam: The Maputlas find out about Ntswaki's liesDon't miss Wednesday, 22 May's riveting episode of South African soapie Skeem Saam ...
21/05/2024
WATCH: Tonight's Scandal teaser - 21 May 2024Don't miss Tuesday, 21 May's riveting episode of South African soapie Scandal! on e.tv on DStv channel ...
21/05/2024
Tonight on Skeem Saam: Sthoko and Babeile's reunion puzzles and shatters the...
21/05/2024
Tonight on House of Zwide: Soka is forced to lie after Mampho catches him prepar...
21/05/2024
Skeem Saam: Monday's episode, 20 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soapi...
21/05/2024
Popular children's TV shows you may have forgottenSouth African television channels have entertained us over the years. Here is looking back at some popular...
21/05/2024
Actor Dumisani Dlamini discusses his role in Isitha: The Enemy'Legendary actor Dumisani Dlamini has landed the character of Nsimbi in e.tv's popular te...
21/05/2024
Tonight on Smoke and Mirrors: General's romantic gesture to Lulu meets with ...
20/05/2024
Tonight on Skeem Saam: Ntswaki sneaks Toby into the house but sadly for her, Lee...
20/05/2024
Tonight on House of Zwide: Soka decides to explore things with Ona while still s...
20/05/2024
Tonight on Smoke and Mirrors: Jaxon and Caesar fail in their attempt to corrupt ...
20/05/2024
Tonight on Scandal: Dintle's work life suffers as she struggles to hold it a...
20/05/2024
RIP: Two deaths' on Shaka ILembe' productionTwo people, who are part of the Shaka Ilembe' production set to return for a second season, have repo...
20/05/2024
Gangsterism in movies and television: Wees geskool'Gangsterism has been portrayed in movies and television: but have you ever seen these films and televisi...
20/05/2024
School project features Die Antwoord' [Watch]School projects are difficult. However, this student took some inspiration from the controversial band Die An...
20/05/2024
Tonight on Skeem Saam: Ntswaki sneaks Toby into the house but sadly for her, Lee...
19/05/2024
House of Zwide' June Spoiler: The Zwides recover their millions The House of Zwide' June teasers reveal that Funani and Nkosi will recover a share of t...
18/05/2024
Skeem Saam: Friday's episode, 17 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soapi...
18/05/2024
Shaka Ilembe' approved for season threeMzansi Magic's hit series Shaka Ilembe' which stars Nomzama Mbatha has been commissioned for a third season....
17/05/2024
Tonight on Skeem Saam: Lehasa gets a rude awakening when Kgosi blackmails himDon't miss Friday, 17 May's riveting episode of South African soapie Skeem ...
17/05/2024
Tonight on House of Zwide: Dorothy is blown away by Ona's sketches for her w...
17/05/2024
Tonight on Scandal: Dintle has a visit from her past that leaves her very unsett...
17/05/2024
Skeem Saam: Thursday's episode, 16 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soa...
17/05/2024
Prison Journalism: Letter to my mothersThabo Mthembu was incarcerated in Pollsmoor Prison from 2014 to 2019. Read Thabo's story
by Thabo Mthembu
17-05-20...
17/05/2024
Paul McCartney becomes UK's first billionaire musicianMusic icon Paul McCartney has become the UK's first billionaire musician, according to the Sunday ...
17/05/2024
Tonight on Smoke and Mirrors: Sakhile advises Tiny against sabotaging PetuniaDon't miss Friday, 17 May's riveting episode of South African soapie Smoke ...
16/05/2024
Tonight on House of Zwide: Nkosi is angry and accuses Shoki of keeping secrets f...
16/05/2024
Tonight on Smoke and Mirrors: Phakathi examines the CCTV coverage and questions ...
16/05/2024
Tonight on Scandal: A terrifying story pushes Dintle into making a life-altering...
16/05/2024
Irma Stern's 1930 portrait Cape Girl with Fruit headlines SA art auctionAn Irma Stern painting from 1930 leads Strauss & Co's diverse catalogue of moder...
16/05/2024
Prison Journalism: The role my mother played in my lifeWesley Leong was incarcerated at the age of 15 in 1996 at Pollsmoor Prison. He is currently part of Resto...
16/05/2024
Actress Sibongokuhle Cele joins Muvhango'Model and former Durban Gen' actress Sibongokuhle Cele has secured a role in SABC2's soapie Muvhango'...
16/05/2024
Tonight on Skeem Saam: Carol sees Ntswaki getting up to no good with TobyDon't miss Thursday, 16 May's riveting episode of South African soapie Skeem Sa...
16/05/2024
Skeem Saam: Wednesday's episode, 15 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African so...
16/05/2024
Monet painting fetches R640 million at New York auctionA Monet has sold for nearly R640 million at auction, Sotheby's said, marking a solid start to New Yor...
15/05/2024
Eminem killing off Slim Shady' with new albumEminem is announcing a new album, called The Death of Slim Shady' killing off his controversial, crazy ps...
15/05/2024
Tonight on House of Zwide: Zanele's baby's heart is not beatingDon't miss Wednesday, 15 May's riveting episode of South African soapie House of ...
15/05/2024
Tonight on Skeem Saam: Mr Kgomo is forced to defend his decision to hire EuniceDon't miss Wednesday, 15 May's riveting episode of South African soapie S...
15/05/2024
Afrikaans words nobody learned at schoolAfrikaans has some interesting words, which nobody might have learned at school. What about koeksisters' and panto...
15/05/2024
Tonight on Smoke and Mirrors: Tiny is intimidated by Petunia and tries to have h...
14/05/2024
Radio Mzansi: Nine Proudly South African stationsRadio stations are everywhere, but limited to area Or are they? You can listen to these proudly South African ...
14/05/2024
Leon Schuster: Five of the comedian's favouritesLeon Schuster is one of South Africa's favourite comedians. What's your comedy movie of choice? Watc...