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Msilo Mothepu said that when the Regiments offered her a job in 2015, they gave her a blank check for her salary and Eric Wood told her that they had acquired “front-line companies in the public sector.”
FILE: Former Finance Minister Nhlanhla Nene arrives at the Zondo Commission of Inquiry into the state capture on October 3, 2018. Image: EWN
JOHANNESBURG – Former Trillian and Regiment employee Msilo Mothepu said her boss Eric Wood told her that Nhlanhla Nene would be fired because she did not support the Regiment’s proposals to raise capital for state entities.
She said that when the Regiments offered her a job in 2015, they gave her a blank check for her salary and Wood told her that they had acquired “front-line public sector companies.”
She believes Nene rejected the proposals because she knew they would attract great interest: “100 basis points is the fee they wanted to earn if they raised R50 billion of hybrid capital.”
Nene was fired as finance minister on December 9, 2018, but Mothepu said her boss had told her in October of that year that she would be fired.
He said he also knew a month before Nene was fired that Mohamet Bobat would be the special adviser to the new Finance Minister Des Van Rooyen.
Mothepu also testified before the state capture commission that the two companies told the state entities what to do even though the state companies were the client.
Mothepu said that Salim Essa was in charge of business development and ensured that companies got business from state-owned companies, but was also called in to intervene if state-owned companies did not do what the regiments wanted.
“They tried to do what the service provider told them to do, which was a weird relationship, but they wanted a loan and if it didn’t happen, someone would call Salim and it would happen.”
WATCH LIVE: State Capture Investigation: Commission Hears Evidence Related to Eskom, Ms Msilo Mothepu
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