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Evidence before commission chairperson Deputy Judge President Raymond Zondo revealed how Gupta company Regiments Capital was set up to benefit from the Cabinet reshuffle, which shook investor confidence and raised South Africa’s long-term debt by up to R5-billion as the rand and bond costs plummeted.
Taking the stand, former Regiments principal Mosilo Mothepu was forthright as she spoke about how Regiments CEO Eric Wood casually told her over morning coffee, more than a month before the event, that Zuma was to fire Nene.
At that stage she had “a good relationship” with Wood, who had wooed her back to the company after she had left to work as associate director in infrastructure projects at KPMG. ....

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