Three original audio recordings captured in February 2020 document a coordinated plan by Zunaid Moti, Sisa Ngebulana, Frikkie Lutzkie and associates to acquire control of the debt-distressed JSE-listed Rebosis Property Fund through undisclosed call-option structures, discounted pricing and partial settlement in luxury motor vehicles. Metadata confirms origination dates of 12–14 February 2020. No subsequent edits detected. Exhibits declassified for public interest disclosure.
Zunaid Moti outlines R3 billion rescue package (R1.5 bn EPPF + R1.5 bn consortium), discounted entry via management agreement, forced removal of Sisa Ngebulana from operational control, and eventual private take-out at 60 % premium. Nedbank’s Gary Garrett confirmed same-day moratorium extension on condition Sisa is “kept in line”.
Download Full Exhibit A (Original WAV)Explicit discussion of using call options because “an option doesn’t register on the system”. Participants agree to drip-feed R4–10 million tranches, notarise immediately, and attach voting rights from day one while remaining invisible to JSE and STRATE. Direct quote: “You must buy the option through the vote.”
Download Full Exhibit B (Original WAV)Final meeting with legal counsel present. 60 million shares transferred at 40 cents (R24 million total), first tranche R4 million cash, remainder in instalments — some settled with luxury motor vehicles (Lamborghini, Range Rover, etc.). Repeated warnings: “These numbers are highly, highly confidential.”
Download Full Exhibit C (Original WAV)Includes all certified transcripts, SJ Trent metadata authentication report (2025-06-30), and subpoenaed expert opinion by former JSE Director of Trading Allan Ralph Thomson.
Download Full Forensic Dossier (PDF)