[FROM THE ARCHIVES] Christo Wiese on Steinhoff | Carte Blanche | M-Net

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𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟱 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟭𝟴.
For years, analysts, banks and rating agencies promoted global retailer Steinhoff as a sound investment. With 40 brands under its belt, and operating in over 30 territories, the retail giant was one of the top performers on world markets. That is until the house of cards came tumbling down. Billionaire businessman and former chairman of the company, Christo Wiese, is suing Steinhoff for R59 billion. But was he really unaware of the accounting fraud and financial irregularities happening right under his nose? We put Wiese in the hot seat.
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#carteblanche #southafrica #news #steinhoff #markusjooste #investigation #watchagain

Опубликовано:

23 апр 2024

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Комментарии : 248

@carteblanchetv Месяц назад

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@lorenzolucas6980 Месяц назад

Ageeed

@koketsokhwani9137 Месяц назад

Corruption has no color.

@mogomotsimalepe7348 Месяц назад

Unfortunately people who claim to hate corruption and are always condemning it in the comments, are conveniently absent today. If the insert was about the ruling party... Anyway that's part of the problem in SA. We need consistency.

@chrisjpndala7576 Месяц назад

And these ones are the most corrupt...they can get away with anything.... because of money .. corruption knows no colour

@chrisjpndala7576 Месяц назад

@@mogomotsimalepe7348 welcome to SA

@yourlocalit1701 Месяц назад

This is old news that why 😅

@mogomotsimalepe7348 Месяц назад

@@yourlocalit1701 yea right! How conveniet. 🙄

@collinmfeka1348 Месяц назад

she took it easy on questioning wiese, nothing compared to how she questions other fraudsters

@thebettermanprojectsa2608 Месяц назад

Exactly.. Treated him with kid gloves

@sphumelelengcamu1984 Месяц назад

He's a victim in this matter

@collinmfeka2678 Месяц назад

@sphumelelengcamu1984 that's what he portrays himself to be. But is he really??

@StudyWithKarabo Месяц назад

"Best Afrikaneer Directors"Famous last words

@eisbeinGermany Месяц назад

they all are the Stellenbosch mafia, they either attend Gim or Paarl boys high or Grey College from Bloemfontein, 99 % of them are freemasons, at Grey College Bloem they have a secret handshake, .or way of greeting,

@reportthehype4689 Месяц назад

😂😂money gone

@koketsokhwani9137 Месяц назад

Honestly, bro.. guy drove the point home, that corruption has no color.

@6lackjesus719 Месяц назад

😂😂😂😂😂😂😂

@OfficialFA Месяц назад

01:55...("They're Afrikaaners, so they won't lose my money")☠️

@thabangmnguni6539 Месяц назад

corruption has no colour

@tokhealth Месяц назад

“Double what the Guptas allegedly took from this country” 🚩yet half the media backlash

@mogomotsimalepe7348 Месяц назад

Unfortunately the media works for these guys. 😏

@expose_massive_banking_crime Месяц назад

are we sure Guptas even exist? because the Shaiks seem to have been deleted from the collective memory in a massive gas-lighting.

@expose_massive_banking_crime Месяц назад

more money than one can imagine

@Bee-dp3st Месяц назад

I am sooo shocked!!!🤯 Yoh!

@peter9630 Месяц назад

Because the Guptas colluded with the president and ministers. Steinhoff didn't

@taylorduvernay9789 Месяц назад

It's hard to believe that there were no signs, the board didn't know.

@eisbeinGermany Месяц назад

of course the board knew, the share prices was overvalued to get cheaper loans, why need loans when the company is suppose doing so well,

@taylorduvernay9789 Месяц назад

@eisbeinGermany loans are cheaper than using the business capital. Interest on loans reduces tax. So, it makes business sense to use loans. But all 4 qualified accountants and still not see any signs? It raised questions. SA produces one of the best accountants, its impossible that they were all blindsighted.

@rosshamber429 Месяц назад

@@taylorduvernay9789thank you for educating me re loans vs business capital. Yeah its hard to accept that they all didnt see something off. Who knows maybe Markus is still alive

@QueenMaleka-ul8el Месяц назад

@@rosshamber429I suspect his still alive

@gershonnundkumar6444 Месяц назад

Devi should be a guest presenter

@lm9609 Месяц назад

"BEST AFRIKANER DIRECTORS" 🤣🤣🤣🤣🤣🤣🤣🤣

@loyisomalandela2640 Месяц назад

I heard that 😂😂😂😂

@siphesihlekapa1825 Месяц назад

Shame ompie

@SuperConradk Месяц назад

As employees we were promised thousands when our shares paid out. Got 4k after 10 years

@mrm7505 Месяц назад

Giving your hard money to someone else believing they will look after it as you will is a fallacy!

@michaelmonareng3210 Месяц назад

Very true , but fate loves Irony- The Only way to build Wealth is to do just that . Even if you start a company yourself , you invest money into assets which you then entrust to your employees to convert into profits

@kulanindlovu5373 Месяц назад

I think Wiese was just another victim. It doesn't make any sense that he would intentionally lose so much money... also remember that the first accounting firm that Jooste walked into after completing his degree at Stellenbosch was Wiese's firm, so their relationship was somewhat deeply rooted which made it easy for Wiese to trust him. That's just my theory

@expose_massive_banking_crime Месяц назад

😂

@chrisjpndala7576 Месяц назад

No he was in on the whole thing

@londekantshapha9854 Месяц назад

I agree with you. Another person who I think is a victim is the former cfo ben la grange.

@episodesoflyric Месяц назад

Or he lost it on paper perhaps? 🤷🏾‍♂️

@expose_massive_banking_crime Месяц назад

@@episodesoflyric yebo

@Madiela Месяц назад

"Best Afrikaneer directors" ... oh well

@mogomotsimalepe7348 Месяц назад

Oom Kobus found out.

@eisbeinGermany Месяц назад

WHO ALL ARE THE STELLENBOSCH MAFIA WHO ATTEND EITHER PAARL BOYS HIGH OF GIM OR GREY COLLEGE IN BLOEMFONTEIN,

@blantinasehlapelo Месяц назад

👀

@lucianomagada4319 Месяц назад

😂😂

@phumlilemfukuli8708 Месяц назад

The problem started thereby ''best Afrikaner directors''

@curiousk4083 Месяц назад

He's lying. His actions were unethical as he was paid for his role. He must be charged, too... This is the worst corporate crime ever.

@eisbeinGermany Месяц назад

they all knew, i agree, how do you run such a massive company and not know that the books are being cooked, how did the auditors not pick this up that the value of the shares are not being overpriced, they all are the Stellenbosch mafia, they either attend GIM or Paarl boys high or Grey college Bloemfontein, 99 % of them are free masons, at Grey college they even have a secret handshake,

@JohnWick_BW Месяц назад

He was the biggest individual loser in the Steinhoff debacle. He lost R59 billion. Would he have put so much money in if he knew it was a sham?

@eisbeinGermany Месяц назад

@@JohnWick_BW I don't think he was complicit in doing it,but I am sure he might or could of know that the share price was being over priced to get cheap loans

@curiousk4083 Месяц назад

@JohnWick_BW Well said, can we first understand what his role was in a professional capacity? Are you aware some business losses are insured and are intensional to avoid tax?

@eisbeinGermany Месяц назад

@@curiousk4083 yes agree 👍 all goes about evading taxes

@masapesenoamadi731 Месяц назад

This is ridiculous...hard to believe he didn't know. He was very much aware.

@CdeStarShaun Месяц назад

"THE BEST AFRIKAANER DIRECTORS!' 😂😂😂

@user-ik4mf3fl7h Месяц назад

Lol guess I’m avoid Afrikaaner directors in future lol 😂

@Bee-dp3st Месяц назад

Let’s avoid them by all costs lol

@jasonlee5953 Месяц назад

@@Bee-dp3st racist comment

@tebatsoselowa Месяц назад

These people are used to getting away with everything with zero accountability.

@Bee-dp3st Месяц назад

Yeah! It’s been like that ever since their existence.

@mogomotsimalepe7348 Месяц назад

Facts! The privilage is too much.

@imensonspionrona2117 Месяц назад

Not having a pile of gold in the backyard must be alleviating. With the amounts we are talking of, more money always leads to more problems everyone knows that.

@expandyourworld7500 Месяц назад

Sounds more like the Wolf of Wall Street, more people on the board must be held accountable as too many are getting away with due negligence.

@KoketsoR7 Месяц назад

Marcos, is somewhere by the coast smoking a fat cigar.

@manyananihlwatika726 Месяц назад

😂😂😂 fat cigar man you are right

@expose_massive_banking_crime Месяц назад

Shabir Shaik was a cigar lover too. He & Zuma's lil romance was all over the news & courts in 2004

@chrisjpndala7576 Месяц назад

@@expose_massive_banking_crime we're not talking about Zuma here🤣🤣 we're talking about Markos... Marcus 🤣

@Bee-dp3st Месяц назад

@@expose_massive_banking_crimeHebanna! Which ship are you on now!😂

@ryanswartz313 Месяц назад

He committed suicide last month

@segoacc1418 Месяц назад

These people help each other before a company or business collapses they are warned hence Christo managed to run away with a couple of Billions while the once at the Bottom suffer the after effects.. Its Sad...

@eisbeinGermany Месяц назад

THEY ALL KNEW THAT THE SHARE PRICES ARE BEING OVERVALUED TO GET CHEAPER LOANS, WHY NEED LOANS IF THE COMPANY IS MAKING SO MUCH MONEY, ITS BECAUSE THEY GET MORE INTEREST ON THEIR MONEY INVESTED AT THE BANK THAN WHAT THEY PAY FOR A LOAN, AND BUY HAVING A LOAN THEY DONT NEED TO PAY TAXES ON IT, WE ALL KNOW THATS HOW IT WORKS, ELON MUSK DONALD TRUMP DOES NOT PAY ANY TAXES ON THEIR LOANS IF ITS DONE UNDER THE SMOKE SCREEN OF CORPORATE LOANS,

@henryvanveen5365 Месяц назад

With due respect, I think Christo Wiese is a smooth talker. Whitey Basson took one look at Steinhoffs figures and was not happy with what he saw. The figures made no sense and refused to get involved with Steinhoff claiming it was a dud despite pressure from Wiese. Wiese may not have committed the fraud, but he must have known with his business acumen something was not right. He liked the taste of the pie. How proud Whitey Basson must now feel that he stood his ground.

@ksc743 Месяц назад

I found this hard to believe so I looked it up and you're quite right. Basson said when he looked at Steinhoff's figures return on equity was only 5% while the cost of their debt was 8%. Clearly the figures didn't add up. Very disappointed to know Christo Wiese was part of this although for some reason he didn't think it would go belly up. Usually the more wealthy someone is the more vigilant they are about their bookkeeping. I suppose everything was fine at Steinhoff as long as the wool was pulled over auditors' eyes.

@henryvanveen5365 Месяц назад

@@ksc743 Exactly..

@msizimalinga7553 Месяц назад

I really doubt that Markus was alone in this heist

@MLKTV. Месяц назад

Obviously the money is in an offshore bank account

@getalifestopspyinghacker3285 Месяц назад

Cyprus or JP Morgan most probably

@smr4712 Месяц назад

British off shore bank account

@mogomotsimalepe7348 Месяц назад

There was no money. Atleast not as much as people thought there was. They were cooking the books, and people were either sleeping on the job or complicit in the crimes.

@expose_massive_banking_crime Месяц назад

Invested in property ?

@deliabotha7187 Месяц назад

Corruption has no colour. Love for money has no colour

@expose_massive_banking_crime Месяц назад

love for evil, neither.

@deliabotha7187 Месяц назад

@@expose_massive_banking_crime jip..for sure

@Dude-1689 Месяц назад

Hhay Carte Blanche, the videos are too short man!

@bryanbabusi4977 Месяц назад

That one killed me Best Afrikaner Directors

@borismkhwanazi583 Месяц назад

Stupidity 😂😂

@lemuero Месяц назад

I was busy eating supper in front of the screen watching this and accidently stabbed my mouth with the fork because I didn't pay attention. Who can I sue for damages now?

@AM-id9ql Месяц назад

He may not have commited the fraud but he turned a blind eye on the red flags…for his own beneficial interests. Christo got played by the new boy in town and it’s a painful R59b loss.

@Bluecollarjoe6B9 Месяц назад

Where is his body?

@mogomotsimalepe7348 Месяц назад

Somewhere on an island, sipping cocktails with Gavin Watson.

@eisbeinGermany Месяц назад

@@mogomotsimalepe7348 lol, anything is possible,

@keithmarais603 Месяц назад

@@mogomotsimalepe7348👍👍😂😂😂

@chrisjpndala7576 Месяц назад

@@mogomotsimalepe7348 I believe so

@Dude-1689 Месяц назад

Hhay Carte Blanche, the videos are tok short man!

@thebettermanprojectsa2608 Месяц назад

I wonder if you would be this gentle questioning Edwin Sodi or MaMkhize

@episodesoflyric Месяц назад

Not a chance, at all not !!

@BalancedbyMaryJane Месяц назад

"Power is their ULTIMATE MOTIVATOR & Greed is their ULTIMATE CORRUPTOR!

@Derivmaster5880 Месяц назад

Where are those that usually hate corruption in yhese comments or is it only when a black person is Implicated This is the problem with this country people look at a colour before they decide whether something is wrong or not so in a nutshell White people where are u in the comments ?

@mogomotsimalepe7348 Месяц назад

Louder 🗣️🙌🏽 'best Afrikaaner directors', when they are off European persuasion. 'useless thieves', when they are off African persuasion. The hipocrisy. These kind of people, are also part of what's wrong with this country and unfortunately, they don't even see it.

@mogomotsimalepe7348 Месяц назад

They went to pick up the milk. The'll be back when 'others' are under scrutiny. The attitude changes depending on who the subject is. The beautiful 'rainbow nation', that is SA 🚮😏

@expose_massive_banking_crime Месяц назад

I'm here...

@Derivmaster5880 Месяц назад

@@expose_massive_banking_crime say something cause u usually do when corruption is this visible

@expose_massive_banking_crime Месяц назад

@@Derivmaster5880 who do you think put the spotlight on them 😏

@MyBrenden Месяц назад

My question, how is it that they still live cushy lives, even in the government people who were declared bankrupt, if i am bankrupt i have no food in my house, cant afford petrol and so on .

@Philasande_Shange Месяц назад

When was his funeral, we never even saw him after the incident, just vanished

@smr4712 Месяц назад

his alive for sure, we can never believe the media, nor the government nor the police, we know his alive.

@Philasande_Shange Месяц назад

@@smr4712 yah he’s definitely alive

@expose_massive_banking_crime Месяц назад

@@smr4712 we can never believe them ever again especially after this

@velimine Месяц назад

First time seeing this show doing an interview to just clear someone who is corrupt

@expose_massive_banking_crime Месяц назад

not very credible right

@danielngubane7518 Месяц назад

With these best Afrikaaner directors he said. Wonder if he wishes he would have invested in those other companies now.

@garylangson4599 Месяц назад

Keep my man Govan!!!

@savmci8621 Месяц назад

We need JJ Thabane for this one

@hayleyfay4779 Месяц назад

Do you feel silly now 😂😂😂😂

@Slappies007 Месяц назад

Wiese is not so innocent as he say he is🤔

@kamps492 Месяц назад

I like this guy he doesn't except anything....

@koketsondikandika8440 Месяц назад

BEST AFRIKANERS BUSINESS MEN. CELEBRATE THEM😂😂

@trexscanptyltd6458 Месяц назад

Someone here was not paranoid enough...

@msizimalinga7553 Месяц назад

Markus is dead now but no funeral?

@dovtskyvladixir3238 Месяц назад

ANC could learn a thing or two about sophisticated stealing.

@vukanidlamini9062 Месяц назад

What have the Guptas got to do with Stellenbosch mafia fraudulent activities?

@expose_massive_banking_crime Месяц назад

theyre comparing the "heists"

@bonganisibiya11 Месяц назад

Guess that why I invest offshore outside of my pension

@expose_massive_banking_crime Месяц назад

If you give them your documents for the "half pension" deal, I believe they will steal the lot, just as they stole my mibco prov fund R20k. they just ..play dead. Or fake incompetence.

@nothembajozi2862 Месяц назад

Who decided to invest so much of the pension funds into one company? Diversification would have helped. After all you do not put your eggs in one basket. HOLD WHOEVER INVESTED SO MUCH MONEY INTO STEINHOFF ACCOUNTABLE.

@ws8091 10 дней назад

Afrikaner Directors😂😂😂😂

@chrisjpndala7576 Месяц назад

Marcus Jooste is hiding somewhere in an island

@nehalekanyama7365 Месяц назад

Are you being sarcastic?

@chrisjpndala7576 Месяц назад

@@nehalekanyama7365 I'm not being sarcastic...his death is just a puzzle of mistry and suspense

@hilberryable Месяц назад

The world is too small nowadays for anyone to be able hide forever. I assume that he died.

@chrisjpndala7576 Месяц назад

@@hilberryable I'm not convinced.... people fake their own deaths all the time......I'm sure he's still alive hiding somewhere

@cheesecakecartel5022 Месяц назад

@@hilberryableGavin Watson….?

@luhellin196 Месяц назад

Impossible

@FhatuwaniManyane Месяц назад

I am always skeptical with traders

@hannah50353 Месяц назад

He's a narcissist, he does not care.

@mosadijo4017 Месяц назад

Can someone point me to piece CB has done on the Rand manipulation, if they have one.

@RamokoneMasemola Месяц назад

😂😂😂 and expose all the corrupt white people? They wouldn't dare!

@SangoMphetshwa Месяц назад

And I thought the anc was corrupt

@AmogelangRSA Месяц назад

They are all the same

@expose_massive_banking_crime Месяц назад

you know how the Afrikaners tend to excel? Just you wait til you see just how these rich ones excel at fascism (private controlling government): WORLD-CLASS, my bro

@mogomotsimalepe7348 Месяц назад

@@AmogelangRSA true. But the backlash is different.👀 Others get labeled useless criminals(rightfully so), and others get rewarded with showmax documentaries being labeled 'accounting geniuses'. The 'new' South Africa for you. We need consistency.

@sphindozondi5357 Месяц назад

Why is he so calm about losing almost billions??

@manyananihlwatika726 Месяц назад

Christo owed SARS over 2B years ago am not surprised

@cheesecakecartel5022 Месяц назад

Spill the beans

@expose_massive_banking_crime Месяц назад

how do you know

@sharri-leejadoo-adams3360 Месяц назад

Will he share the billions in his 'sorryness'

@yourlocalit1701 Месяц назад

He don't have them any more 😅, Markus takes it all

@user-ud3xq4uq3l Месяц назад

R59 000 000 000 000 000 BILLION, WHILE I'M STUCK HERE ON MY PIG FARM LOOKING FOR R70 000 ONLY

@londekantshapha9854 Месяц назад

Ngl i really believe wiese, i mean why risk such a huge part of his networth in a fraudulent business. Another person i believe was "innocent" was ben la grange(judging from his parliament appearance). I could be wrong tho.

@MyGeneralprofile Месяц назад

😂 "Afrikaaner Directors" - Piet Retief... I love the way people reveal their bias when least expected..

@MichelleKapp-im4up Месяц назад

@martinkobimbo8090 Месяц назад

"The best afrikaner directors" is the worst metric to judge character. Your own Mother would scam you blind if you let her.

@expose_massive_banking_crime Месяц назад

100%

@wogayiwogayi2396 Месяц назад

"Best Directors" indeed! Best in thievery.

@yolandainsel5342 Месяц назад

He should sell all his glam and pay back

@tranquility7778 Месяц назад

Wiese is just a very well oiled manipulator and during this interview you can see that clearly if you know what to look for...fortunately Wiese the truth always comes out eventually.

@davidkirsch509 Месяц назад

Devi has lost her touch is this the best she could deliver disgusting accountability starts at the top and saying i new nothing is not a excuse

@kagisokadimo8556 Месяц назад

Thought Markus jooste is died?🙆🏿‍♂️🤦🏿‍♂️

@expose_massive_banking_crime Месяц назад

nope there was only a lame news report announcing it like we're dumb sheep that believe everything they feed us

@chrisjpndala7576 Месяц назад

Still alive and well hiding somewhere

@paulthemba9961 Месяц назад

Guy was a coward u can't off urslf facing financial crimes this is south Africa brides are paid

@abutilesego2u59 Месяц назад

Best afrikaaner directors jiki jiki they want to drag guptas in it neng neng rupert is the richest in Africa

@BuhleMpakama Месяц назад

Devi is usually super aggressive with other criminals, why is she so gentle with this one?

@mogomotsimalepe7348 Месяц назад

Because he is the 'best Afrikaaner director'. 😂🤣

@philipmeiring3582 Месяц назад

Domkoppe. Has he been charged?

@expose_massive_banking_crime Месяц назад

becoz it's a show. An act. Scripted.

@RamokoneMasemola Месяц назад

Ke lekgoa!!😂😂😂

@BuhleMpakama Месяц назад

@@philipmeiring3582 umnqundu wakho

@WimTheInstigator Месяц назад

The interviewer carries on like he committed the fraud. Why would he willingly lose millions? I would have not entertained your dense manner of questioning.

@krakenlak Месяц назад

All the money he lost is nothing compared to all the debt he was able to write off through his transactions with Stienhoff

@askermand123 Месяц назад

When was this story produced because Markus Jooste commited suicide last month 🤦🏽‍♂️🤷🏽‍♂️

@sethumnene Месяц назад

Let's not divert to Guptas here, we talking about Markus Jooster who is dead in South Africa bt alive in Israel.

@hendrikperkins8741 Месяц назад

And you can prove this how ?

@shirlynndungu618 Месяц назад

wild !!!

@keithmarais603 Месяц назад

@hendrikperkins8741 maybe not in Israel but alive. You don't need rocket science just follow the smell of coffee.

@manyananihlwatika726 Месяц назад

😂😂😂 he is out there mara Israel

@getalifestopspyinghacker3285 Месяц назад

Im not suprised his claiming Isrealite status now 😂

@elvinpillay4075 Месяц назад

This man is lying. Add up all the money he got from this company in salaries.

@Blocc187 Месяц назад

All of a sudden Johan Rupert is back on the number spot for richest african. They couldnt stand to see a black man number 1 so they resolved to fraud😂😂

@smr4712 Месяц назад

Johan Rupert must enjoy the money he has, soon that criminal will also face the music..

@smr4712 Месяц назад

his money has no power.

@smr4712 Месяц назад

track me down coward, I'm still waiting to see your power.

@smr4712 Месяц назад

yours and Koos Bekkers the other coward.

@expose_massive_banking_crime Месяц назад

its not just fraud its a mafia from 1915