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OPINION: Corruption’s Chokehold: Rebuilding South Africa’s Stolen Dreams

As we stand on the precipice of a daunting future, the United Democratic Movement (UDM) mourns the tragic collapse of the South African stat...

Saturday, October 8, 2022

Steinheist: Why hasn't Markus Jooste been arrested?

Markus Jooste. Source/Moneyweb

Showmax is on a roll, with its content dominating the 2022 SAFTAs and Emmys, and 
Reyka becoming the most nominated African series at the 2022 International Emmys, where it’s up for Best Drama and Best Actress (Kim Engelbrecht)!

  • Investigation into accounting irregularities
  • Steinhoff’s share price plunged by 90% in a week
  • Wiped over R200 billion off Johannesburg's stock exchange

As Showmax grows, its content keeps breaking viewing records on the homegrown African streaming service. This Saturday we feature one of their three new record holders: Steinheist, becoming the most first-day views of any documentary series on Showmax.

Steinheist has set a new record on Showmax for the most first-day views of any documentary series, ahead of the SAFTA-winning true crime phenomenon Devilsdorp. Both Showmax Originals are produced by IdeaCandy. 

Source: Youtube/Screenshot

Steinhoff Employed More Than 130 000 People!

Once billed as “the Ikea of Africa,” Steinhoff employed more than 130 000 people on more than 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.


CEO Markus Jooste Resigned Amid an Investigation Into Accounting Irregularities!

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. 

Steinheist, which was called “truly world-class” and “riveting” by BizNews, has given Showmax audiences an insider glimpse into the biggest corporate scam in South African history. Cape Talk’s Pippa Hudson praises Steinheist as “excellent storytelling that demystifies the Steinhoff collapse for the layman. Every South African needs to watch this, if only to amplify the chorus of voices asking the question: Why hasn't Markus Jooste been arrested?" | email - content supplied by: |

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