Sexwale to probe shock Trillian Gupta, Nenegate allegations
26 October 2016
Cape Town - Tokyo Sexwale, independent non-executive chair of Trillian, plans an independent investigation in order to fully test the veracity of allegations made in a Sunday newspaper this past weekend.
The Sunday Times alleged pre-knowledge by a member or members of Trillian concerning President Jacob Zuma's replacing of former finance minister Nhlanhla Nene by Des van Rooyen. This move by Zuma on December 9 2015 had a big negative impact on the rand and SA's equity markets.
The newspaper claimed the firing of Nene and replacement by Van Rooyen could have been planned months in advance, according to an affidavit given to former Public Protector Thuli Madonsela by an anonymous "whistle-blower", who apparently used to be a former CEO of a business unit at Johannesburg headquartered Trillian Capital Partners.
Trillian Capital Partners forms part of the Trillian Group, which is 60% held by Trillian Holdings, while its sole director Salim Essa, is said to be a close Gupta associate.