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

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

[@carteblanchetv]

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[@lorenzolucas6980]

Ageeed

[@koketsokhwani9137]

Corruption has no color.

[@MentalFacility-u7o]

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]

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

[@chrisjpndala7576]

@@MentalFacility-u7o welcome to SA

[@yourlocalit1701]

This is old news that why 😅

[@MentalFacility-u7o]

@@yourlocalit1701 yea right! How conveniet. 🙄

[@collinmfeka1348]

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

[@thebettermanprojectsa2608]

Exactly.. Treated him with kid gloves

[@sphumelelengcamu1984]

He's a victim in this matter

[@collinmfeka2678]

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

[@StudyWithKarabo]

"Best Afrikaneer Directors"Famous last words

[@eisbeinGermany]

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,

[@reportthehype]

😂😂money gone

[@koketsokhwani9137]

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

[@6lackjesus719]

😂😂😂😂😂😂😂

[@OfficialFA]

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

[@thabangmnguni6539]

corruption has no colour

[@tokhealth]

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

[@MentalFacility-u7o]

Unfortunately the media works for these guys. 😏

[@expose_massive_banking_crime]

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]

more money than one can imagine

[@Bee-dp3st]

I am sooo shocked!!!🤯 Yoh!

[@peter9630]

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

[@lm9609]

"BEST AFRIKANER DIRECTORS" 🤣🤣🤣🤣🤣🤣🤣🤣

[@loyisomalandela2640]

I heard that 😂😂😂😂

[@siphesihlekapa1825]

Shame ompie

[@gershonnundkumar6444]

Devi should be a guest presenter

[@kulanindlovu5373]

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]

😂

[@chrisjpndala7576]

No he was in on the whole thing

[@londekantshapha9854]

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

[@episodesoflyric]

Or he lost it on paper perhaps? 🤷🏾‍♂️

[@expose_massive_banking_crime]

@@episodesoflyric yebo

[@Madiela]

"Best Afrikaneer directors" ... oh well

[@MentalFacility-u7o]

Oom Kobus found out.

[@eisbeinGermany]

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

[@blantinasehlapelo]

👀

[@Kalushi-w4t]

😂😂

[@taylorduvernay9789]

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

[@eisbeinGermany]

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]

@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]

​@@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]

​@@rosshamber429I suspect his still alive

[@curiousk4083]

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]

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]

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]

@@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]

@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]

@@curiousk4083 yes agree 👍 all goes about evading taxes

[@CdeStarShaun]

"THE BEST AFRIKAANER DIRECTORS!' 😂😂😂

[@user-ik4mf3fl7h]

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

[@Bee-dp3st]

Let’s avoid them by all costs lol

[@jasonlee5953]

@@Bee-dp3st racist comment

[@SuperConradk]

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

[@henryvanveen5365]

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]

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]

@@ksc743 Exactly..

[@mrm7505]

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

[@michaelmonareng3210]

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

[@phumlilemfukuli8708]

The problem started thereby ''best Afrikaner directors''

[@Voidy123]

Why?, are you a racist?

[@tebatsoselowa]

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

[@Bee-dp3st]

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

[@MentalFacility-u7o]

Facts! The privilage is too much.

[@expandyourworld7500]

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]

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

[@manyananihlwatika726]

😂😂😂 fat cigar man you are right

[@expose_massive_banking_crime]

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

[@chrisjpndala7576]

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

[@Bee-dp3st]

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

[@ryanswartz313]

He committed suicide last month

[@masapesenoamadi731]

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

[@Bluecollarjoe6B9]

Where is his body?

[@MentalFacility-u7o]

Somewhere on an island, sipping cocktails with Gavin Watson.

[@eisbeinGermany]

@@MentalFacility-u7o lol, anything is possible,

[@keithmarais603]

​@@MentalFacility-u7o👍👍😂😂😂

[@chrisjpndala7576]

@@MentalFacility-u7o I believe so

[@segoacc1418]

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]

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,

[@imensonspionrona2117]

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.

[@BalancedbyMaryJane]

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

[@deliabotha7187]

Corruption has no colour. Love for money has no colour

[@expose_massive_banking_crime]

love for evil, neither.

[@deliabotha7187]

@@expose_massive_banking_crime jip..for sure

[@Derivmaster5880]

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 ?

[@MentalFacility-u7o]

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.

[@MentalFacility-u7o]

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]

I'm here...

[@Derivmaster5880]

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

[@expose_massive_banking_crime]

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

[@lemuero]

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?

[@bryanbabusi4977]

That one killed me Best Afrikaner Directors

[@borismkhwanazi583]

Stupidity 😂😂

[@KM-1322]

Obviously the money is in an offshore bank account

[@getalifestopspyinghacker3285]

Cyprus or JP Morgan most probably

[@smr4712]

British off shore bank account

[@MentalFacility-u7o]

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]

Invested in property ?

[@msizimalinga7553]

I really doubt that Markus was alone in this heist

[@AM-id9ql]

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.

[@thebettermanprojectsa2608]

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

[@episodesoflyric]

Not a chance, at all not !!

[@Philasande_Shange]

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

[@smr4712]

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

[@Philasande_Shange]

@@smr4712 yah he’s definitely alive

[@expose_massive_banking_crime]

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

[@Dude-1689]

Hhay Carte Blanche, the videos are too short man!

[@Slappies007]

Wiese is not so innocent as he say he is🤔

[@msizimalinga7553]

Markus is dead now but no funeral?

[@MyBrenden]

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 .

[@velimine]

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

[@expose_massive_banking_crime]

not very credible right

[@danielngubane7518]

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

[@tranquility7778]

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.

[@martinkobimbo8090]

"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]

100%

[@Dude-1689]

Hhay Carte Blanche, the videos are tok short man!

[@nothembajozi2862]

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.

[@trexscanptyltd6458]

Someone here was not paranoid enough...

[@hayleyfay4779]

Do you feel silly now 😂😂😂😂

[@chrisjpndala7576]

Marcus Jooste is hiding somewhere in an island

[@nehalekanyama7365]

Are you being sarcastic?

[@chrisjpndala7576]

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

[@hilberryable]

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

[@chrisjpndala7576]

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

[@cheesecakecartel5022]

@@hilberryableGavin Watson….?

[@savmci8621]

We need JJ Thabane for this one

[@koketsondikandika8440]

BEST AFRIKANERS BUSINESS MEN. CELEBRATE THEM😂😂

[@hannah50353]

He's a narcissist, he does not care.

[@vukanidlamini9062]

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

[@expose_massive_banking_crime]

theyre comparing the "heists"

[@dovtskyvladixir3238]

ANC could learn a thing or two about sophisticated stealing.

[@garylangson4599]

Keep my man Govan!!!

[@mosadijo4017]

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

[@RamokoneMasemola]

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

[@ws8091]

Afrikaner Directors😂😂😂😂

[@davidkirsch509]

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

[@bonganisibiya11]

Guess that why I invest offshore outside of my pension

[@expose_massive_banking_crime]

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.

[@kamps492]

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

[@JaapPeer]

Retail tycoon Christo Wiese has been implicated in a multi-billion pound tax evasion lawsuit involving Africa’s largest law firm and a London-listed company. Numerous reports indicate the South African Revenue Service (Sars) is trying to recover 3.9-billion rand (£221 million) in taxes from the billionaire, who stepped down as Steinhoff chairman earlier last year in the wake of its own accounting scandal.According to court papers obtained by investigative group AmaBungane, law firm ENSafrica - where Wiese was an executive - allegedly helped London-listed oil firm Tullow shift assets out of South Africa in a bid to dodge taxes. AmaBungane said ENSafrica was allegedly left in charge of a tax shelter after Tullows’ restructure and later sold this tax shelter to Wiese.

[@SangoMphetshwa]

And I thought the anc was corrupt

[@Amogelang22]

They are all the same

[@expose_massive_banking_crime]

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

[@MentalFacility-u7o]

@@Amogelang22 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.

[@chronikhavok3407]

If it was black people they where not gonna see the day where was afriforum

[@sha_shine87]

Will he share the billions in his 'sorryness'

[@yourlocalit1701]

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

[@manyananihlwatika726]

Christo owed SARS over 2B years ago am not surprised

[@cheesecakecartel5022]

Spill the beans

[@expose_massive_banking_crime]

how do you know

[@user-ud3xq4uq3l]

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

[@donovangovender4495]

Devi back on CB

[@sphindozondi5357]

Why is he so calm about losing almost billions??

[@MyGeneralprofile]

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

[@WimTheInstigator]

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]

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

[@londekantshapha9854]

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.

[@FhatuwaniManyane]

I am always skeptical with traders

[@paulthemba9961]

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

[@yolandainsel5342]

He should sell all his glam and pay back

[@andyntimbane7567]

Devi went easy....

[@BuhleMpakama]

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

[@MentalFacility-u7o]

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

[@philipmeiring3582]

Domkoppe. Has he been charged?

[@expose_massive_banking_crime]

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

[@RamokoneMasemola]

Ke lekgoa!!😂😂😂

[@BuhleMpakama]

@@philipmeiring3582 umnqundu wakho

[@kagisokadimo8556]

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

[@expose_massive_banking_crime]

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

[@chrisjpndala7576]

Still alive and well hiding somewhere

[@pheellomasia3615]

"Best Afrikaaner Directors" served you the best afrikaaner loss. Ha o swabe

[@luhellin196]

Impossible

[@wogayiwogayi2396]

"Best Directors" indeed! Best in thievery.

[@Voidy123]

I wonder why they all don't have a job with this useless government

[@elvinpillay4075]

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

[@MichelleKapp-im4up]

hi

[@askermand123]

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

[@sethumnene]

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

[@hendrikperkins8741]

And you can prove this how ?

[@shirlynndungu618]

wild !!!

[@keithmarais603]

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

[@manyananihlwatika726]

😂😂😂 he is out there mara Israel

[@getalifestopspyinghacker3285]

Im not suprised his claiming Isrealite status now 😂

[@abutilesego2u59]

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

[@andyntimbane7567]

This is a joke,

[@Blocc187]

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]

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

[@smr4712]

his money has no power.

[@smr4712]

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

[@smr4712]

yours and Koos Bekkers the other coward.

[@expose_massive_banking_crime]

its not just fraud its a mafia from 1915