Sexwale to quit as Trillian chairman as 'state capture' probe goes to judicial inquiry
Investigation commissioned by Sexwale into company’s knowledge of Nenegate is due to wrap up in June
ANC veteran and former human settlements minister Tokyo Sexwale has announced the investigation he commissioned in 2016 into the implication of Trillian Capital Partners in 'state capture' can form part of an inquiry recommended by the public protector. Sexwale announced in 2016 he had appointed advocate Geoff Budlender to investigate Trillian’s alleged prior knowledge of the axing of former finance minister Nhlanhla Nene in 2015. In a statement released on Thursday, Sexwale said Budlender was expected to finish his investigation in June‚ after which Sexwale would resign from the Trillian board to focus on other business interests. "I have reconsidered my position within the company and upon receipt of the report from advocate Budlender‚ I shall depart from chairman not because there may or may not be any wrongdoing at Trillian but due to the fact that my business model has changed‚" he said. "I came here to be part of an asset management company and to eventually buy a stake in it...
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