Phetolo Ramosebudi has resigned from Transnet

The 'inside man' for controversial financial services firm Regiments Capital Phetolo Ramosebudi has resigned from Transnet.

Ramosebudi was group treasurer first at Airports Company South Africa (ACSA), then at South African Airways (SAA) and now at Transnet, where he controlled one of the largest and most sophisticated corporate treasuries in the country.

John Maytham spoke to Investigative Journalist at amaBhungane Centre for Investigative Journalism Susan Comrie about the developments.

We have just actually got confirmation now that he has resigned from Transnet. We have not seen his resignation letter but received a statement from Transnet that he has resigned.

Susan Comrie, Investigative Journalist at amaBhungane Centre for Investigative Journalism

He was initially at ACSA and the allegation there is that he signed off on very large fees that ACSA that was being built for.

Susan Comrie, Investigative Journalist at amaBhungane Centre for Investigative Journalism

The allegation is that at ACSA he was aware where no one else from ACSA was aware of how much Regiment was receiving.

Susan Comrie, Investigative Journalist at amaBhungane Centre for Investigative Journalism

Listen to the full interview below...


Recommended

by NEWSROOM AI
Read More
Sars office operated with skeleton staff to allow union meeting, says caller

Sars office operated with skeleton staff to allow union meeting, says caller

Senior citizen 'Ruth' called in to the John Maytham show to say a Sars office was depleted after announcement of union meeting.

Why did security fail when CCTV cameras picked up train-fire suspects?

Why did security fail when CCTV cameras picked up train-fire suspects?

EWN's Kaylynn Palm reports on Transport Minister Fikile Mbalula's presser after 18 carriages burnt out at Cape Town Station.

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Fisheries Management's Wendy West clarifies questions around the current West Coast rock lobster recreational fishing season.

'Zuma was more loyal to his 'cronies' than to the Constitution'

'Zuma was more loyal to his 'cronies' than to the Constitution'

The Daily Maverick's Marianne Thamm says testimonies at the Zondo commission prove that Zuma never felt bound by the Constitution.

Financial Mail and amaBhungane head to court to obtain Zuma's tax records

Financial Mail and amaBhungane head to court to obtain Zuma's tax records

Financial Mail journalist Warren Thompson explains the motivation for the court application.

CT reverend says refugees need to vacate his church 'for their own safety'

CT reverend says refugees need to vacate his church 'for their own safety'

Reverend Alan Storey says he is not evicting anyone. Instead, he asked them to respectfully leave after several challenging weeks.

Popular articles
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.