Johannesburg - Former Treasury director-general Lungisa Fuzile told the Zondo commission how one of Des van Rooyen’s advisors had shared classified cabinet information days after the new minister had taken office.
Fuzile said van Rooyen’s advisor Mohamed Bobat wasted no time in sharing the presentation which was formulated by Treasury and would be presented by van Rooyen to the cabinet, with Gupta linked Eric Wood, who headed Trillian Capital.
The former director said this was reckless as the information could not be shared with anyone outside of the government. He said it was unknown who else got the presentation, which contained details about a strategy on how to turn around the economy.
"The information contained in that document was about the strategic thinking of cabinet on how first to understand the sluggishness of the South African economy and the causes,” said Fuzile. "Some of that information it has the potential to move the market one way or the other if you have the access to the information early, you don’t have to speculate.”
The former public servant said he could only conclude that the people that Bobat shared the presentation with had only one intention in mind, and that was to profit from the information.