Meet Mr Ramosebudi, state insider making fortunes for Zupta trader Eric Wood

EDINBURGH — Behind-the-scenes, a large backstage crew helped the Gupta and Zuma families and friends suck billions of rands out of state-owned entities. Phetolo Ramosebudi is a name that has been rarely mentioned in the public domain. Expect to hear a lot more about him as investigations into Zuma era corruption ratchet up. In this investigation, Susan Comrie of amaBhungane starts piecing together the role of Phetolo Ramosebudi in hammering taxpayers and damaging the fabric of South Africa. She joins the dots between the Airports Company South Africa, SAA, Transnet and Eric Wood – the man who once proclaimed himself 'SA's greatest trader'. The report also raises concerns about the role of Nedbank and Standard Bank in Zupta graft. – Jackie Cameron

By Thulasizwe Sithole

For at least six years, Phetolo Ramosebudi was the "inside man" for controversial financial services firm Regiments Capital, reports the Daily Maverick.

Ramosebudi was group treasurer first at Airports Company South Africa (ACSA), then at South African Airways (SAA) and now at Transnet, where he controls one of the largest and most sophisticated corporate treasuries in the country, it notes in a piece produced by investigative unit amaBhungane.

"New evidence shows that during Ramosebudi's time at these state-owned entities, he was a Regiments rainmaker: leaking confidential information, allowing the firm to dictate the terms of a tender, and rubber-stamping questionable fees running into hundreds of millions of rand.

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