He got suspicious 2013 when Treasury started investigating Estina Dairy Farm. That made him question Gupta claims they didn’t do business with the state
At the time, he says he was - by virtue of being Deputy Finance Minister - also a non executive chair of the Public Investment Corporation.
He is “not aware” of PIC giving loans to Guptas
Despite this, he agreed to meet with the Guptas in 2014
Pretorius now questions him about a May 2018 letter written to him by @FloydShivambu, who suggested he had facilitated the Guptas access to the PIC.
Nene has denied this.
He denies that he acted to promote funding for his son’s business. “We are convinced that this one is also baseless”
He denies “fake WhatsApp messages” that his wife received foreign funds
He adds that allegations were made a few days before his testimony at the #StateCaptureInquiry
“It would have come to a quarter of a trillion” for a phased project. He says total project could have exceeded R1trillion.
He says Zuma wanted to know what progress Nene and Minister of Energy had made in finalizing nuke deal
“The President criticized me for not finalizing financial aspects”
Nene says he didn’t sign a letter given to him from Energy Minister - making commitments to Russia re nuclear deal.
Nene says they didn’t understand the implications of him signing commitment to Russia
“It was a very tense meeting. It ended with us being told to find a solution.”
Was it anger? Zondo asks
“I think so” says Nene.
This was because officials measured the rand-dollar exchange as R10 to the dollar.
The meeting concluded with resolution that deal would go ahead.
Zuma said “Treasury would not do with us what it did with PetroSA”.
His fears worsened when nearly entire board resigned.
In Nov 2015 he was called to meeting with Zuma, Miyeni.
He indicated he thought she should be removed from the SAA board.
He says Zuma asked him if he recalled that he said SA would need to send a senior official to the Africa Regional Centre (BRICS).
“We discussed this matter with the Top 6 and we agreed we should put you there”.
“It’s obvious that the deployment to the BRICS bank was a fabrication”.
Zuma could not have offered him that position. He had no authority to do so.