Trillian CEO Eric Wood pocketed "hundreds of millions of rand" after buying up US dollars shortly before Nhlanhla Nene was sacked as finance minister in December 2015, a parliamentary inquiry heard on Tuesday. "On Nenegate, I was told, but it's unconfirmed, that Wood and his people traded on the pre-knowledge [that Nene would be fired]. In November, Wood bought US dollars before the change of minister," a former Trillian employee, Mosilu Mothepu, told parliament's public enterprises committee.

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