Regiments capital
Ex-Trillian Capital employee: Speaking out on state capture cost me my career
Mosilo Mothepu has accused the state and corporate South Africa of failing to support those brave enough to speak out against corruption.
McKinsey senior partner Alexander Weiss said McKinsey demanded company ownership and a BEE certificate from Regiments but it never came.
Former Trillian Capital and Regiments Capital employee, Mosilo Mothepu, on Thursday testified at the state capture commission that the two companies told state-owned entities (SOEs) what to do even though the SOEs were the clients.
Msilo Mothepu said when Regiments offered her a job back in 2015, it gave her a blank cheque for her salary and Eric Wood told her they had acquired “blue-chip public-sector companies”.
The state capture commission said that discussions were initiated with the consultancy company and there had been agreement.
Makhura has appointed Dr Nomathemba Mokgethi as Health MEC and moving Morakane Mosupyoe from Economic Development to the Social Development Department.
Makhubo has told the state capture commission that Molelwane and Gupta-linked company regiments capital signed an agreement with the City of Joburg in 2005, three years before he became ANC treasurer in Johannesburg.
But Johannesburg Mayor Geoff Makhubo is yet to confirm the correctness of the records.
The state capture commission has asked him about invoices from his and brother’s companies to regiments for actuarial and risk management and supplying liquor.
Regiments has been implicated at the state capture commission in irregular deals worth billions of rands.
ID head Advocate Hermione Cronje, who brought the application, contends that Moodley's assets form part of a criminal investigation linked to Regiments Capital's advisory services to Transnet.
The ANC’s Geoff Makhubo was voted in as mayor on Wednesday - but there have been questions about his past.
Singh faces disciplinary action emanating from 18 charges for being in breach of various clauses of Saica's code of conduct, including that he behaved in a manner that brought the accountancy profession into disrepute.
The Zondo commission on Wednesday heard that several payments to Gupta-linked Regiments Capital amounted to fraud.
Transnet payments to Regiments were described as intriguing because the company simply did not have the technical capacity to do the work but was nevertheless paid.
Corporate finance expert Jonathan Bloom said Regiments Capital charged Transnet 0.15% to secure a loan worth billions of rands.
This was among the submissions made by MNS Attorneys' Tshiamo Sedumedi, whose firm investigated several multi-billion rand contracts.
The parastatal’s acting group chief executive testified about how the terms of loans worth about R23 billion were changed, against the advice of junior Treasury officials.
Acting Transnet group chief executive Mohammed Mahomedy has testified about how the Gupta-linked consultancy firm was conflicted in its role, but this was never flagged at the parastatal.