Insider tells how Trillian boss 'made hundreds of millions' out of Nene axing

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.