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
👏👏👏Well done @follow_transnet we just received confirmation that group treasurer Phetolo Ramosebudi has resigned after being issued with a suspension notice following Transnet's own investigation. You can read @amaBhungane's investigation here: https://t.co/4sE0shijQ9— Susan Comrie (@sajournalist) October 25, 2018
Listen to the full interview below...