Regrets all round as Regiments' Gupta association finally forces shutdown
Regiments Capital, which found itself at the centre of the state capture narrative through its links with Gupta-linked Trillian, is set to close its doors, 14 years after its formation, through an unbundling process that began in earnest at the start of the year. The advisory firm has had to retrench staff and divide and sell off the business in parts, culminating in the exit of its remaining founders, Litha Nyhonyha and Niven Pillay. "For the country it's a sad chapter. It's a sad chapter for me as a person in terms of the vision I had," Nyhonyha said in an interview with Business Times. On conclusion of the restructuring Nyhonyha plans to retire and Pillay will move into academia. While not continuing to trade as Regiments, the company will exist as a legal entity to pursue the court cases and testify in the state capture inquiry. "With hindsight, we should not have entered into the partnership with McKinsey because that's the nexus of all of this," Nyhonyha said. In December 2012...
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